New Broker, New Price, Same UES Gilded Age Mansion for Sale

The anonymous seller of a Gilded Age mansion relisted the property at 973 Fifth Avenue for $49.9 million, Mansion Global reported.

That represents a $23 million discount off of what the Upper East Side property was marketed for only two years ago. It breaks down to an ask of $3,119 per square foot for the 16,000-square-foot home.

The seller purchased the property for $42 million in 2012, then renovated and restored the home. It’s unclear how much was spent on renovations, but the dwindling asking price likely isn’t doing any favors for the bottom line. First listed for $72.5 million in 2023, the asking price has subsequently dropped to $65 million and $58 million before landing on its latest listing.

The limestone mansion across from Central Park was designed by Stanford White, best known for designing the Washington Square Park arch. Built in 1910, it’s one of only five homes designed by White that are left in the city.

The property includes 11 bedrooms, nine wood-burning fireplaces, five kitchens — including both a catering kitchen and a staff kitchen — a grand limestone staircase, limestone flooring, French stained-glass windows and high ceilings. Modern touches include a water purification system, individual HVAC zones and an elevator.

Other notable features include a library, a wine cellar, a steam room, a jewelry vault and a rooftop terrace with 360-degree views.

Carrie Chiang, Andres Perea-Garzon, and Lesley Schulhof of Corcoran had the listing. Perea-Garzon told Mansion Global that the pricing is “very much in line with what has sold and traded in the past 16 to 18 months,” acknowledging the market correction.

Adam Modlin of the Modlin Group previously had the listing.

— Holden Walter-Warner