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Yes, This Upper West Side Townhouse Is Asking $50 Million

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The architects Janes and Leo built 349 West 86th Street in 1900-1901. The townhouse almost became something completely different from the architects' original creation, though: in 1989, two developers partnered with the Russian Aid Society to add nine floors to the building, then the society's headquarters, and fill those floors with luxury apartments and doctors' offices. The redevelopment never happened, and instead the society sold the building for $1.4 million in 1999. Here's where we suggest sitting down. The townhouse is now on the market for?brace?$50 million.
The home has been renovated?the listing dates the gut reno to 1998, but that makes the 1999 sale price rather puzzling?and the result is a seven-story mansion "built full to a 25' x 100' lot on the first 3 floors, featuring outstanding amenities such as Smarthouse, Geothermal HVAC, modern floor plan, 7 fireplaces (6 wood burning and 1 gas), outdoor space on most floors, including a 25' x 25' terrace off the vast chef's kitchen ( suited for lavish entertaining), and a roof garden." There are eight bedrooms, 14 bathrooms, and zero floorplans. Some other points not in the home's favor: it's under consideration for landmark status, and according to StreetEasy, its tax abatement expired last year. It's almost too early to process something like this, so let's throw it out to the peanut gallery. Reactions? Final sale price estimates?
· Upper West Side 8 Bedroom Townhouse for Sale [Keller Williams Via StreetEasy]

349 West 86th Street

349 West 86th Street, New York, NY