The price ceiling on Manhattan residential real estate was shattered in 2006, when investor J. Christopher Flowers paid a whopping $53 million for the Harkness Mansion at 4 East 75th Street. After spending at least $4 million to gut the place, according to the Journal, Flowers has quietly put it back on the market. Though it's been on offer for a few months, brokers say they've noticed more interest in recent weeks. The only problem? Flowers wants around $$50 million for the place, and prospective buyers are looking to pay something in the $40 million to $45 million range. But we're talking about what is, according to an old listing, a 50-foot mansion that was once home to Rebekah Harkness's personal ballet company. Per the brokerbabble: "Designed by Trowbridge, Colt & Livingston this French-Renaissance mansion was originally constructed in 1896 for shipping magnate Nathaniel McCready, who was ensconced in 1900 with his family and seven servants, including three coachmen." So really, potential buyers, how hard is it to pony up that extra $5 million or $10 million? Do it for the coachmen.
· Wilting Price for Flowers Mansion [WSJ]
· Hark! Is that 50 Million Dollars We Hear? [Curbed]