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World's Most Expensive Home Office Sells for $40 Million

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The most ornate office in New York City and probably anywhere, the five-story commercial townhouse built in 1889 for Philip Lehman known as the Lehman Mansion, entered contract back in June, and now we finally know the sale price: $40 million, according to The Real Deal. Not quite the $65 million that it was originally asking, or even the $49.9 million that it was later chopped down to, but a big chunk of cash nonetheless. The previous owners, Lehm Holdings Inc., spent $20 million renovating the 16,600-square-foot property last year. According to a Wall Street Journal article from when the building was first listed, the price per square foot record for an office building was under $1,600 per, and the Lehman Mansion, which went for $2,410 per square foot, handily defeated that record, as expected. (Then again, there aren't really any offices that look like this.) The buyer is still unknown.

· Philip Lehman Mansion sells for $40M [The Real Deal]
· Lehman Mansion coverage [Curbed]