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Fifth Avenue Townhouse Sets 2012 Record With $42M Sale

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Just when we thought the real estate market was entering its summer slowdown, the Observer brings word of a sale that has us holding tight to our monocles. The Stanford White-designed mansion at 973 Fifth Avenue, in all its 15,225-square-foot glory, has sold. No word on who that buyer is, but he/she has paid $42 million for the property in what is now the biggest townhouse deal of 2012. The house was asking $49 million. Happy summer!
As in all brokerbabble by Brown Harris Stevens' Paula Del Nunzio, 973 Fifth is described more in terms of its past than its present design. "White's patrons sought his taste not only in the architecture of their homes but also in choosing the furnishings, paneling, tapestries, art, landscaping," the home's brokerbabble explains. And it sounds like White is indeed the person we should blame/thank, at least indirectly, for what the house looks like now (listing pics in the gallery above): "Designed in the Italian Renaissance palazzo style, it is remarkable that the building still possesses all the interior detail placed there by Stanford White, true to the original floor plan." We'd be curious to know how much of that the buyer plans to retain.

Here's that floorplan:

· Oh My! Stanford White-Designed Fifth Avenue Mansion Sells for $42M, 2012 Townhouse Record [NYO]
· Hold Onto Your Monocles! $49M Fifth Ave. Mansion Listing Arrives [Curbed]

973 Fifth Avenue

973 Fifth Avenue, New York, NY