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Upper West Side Mansion Finally Sells After Years of Price Cuts

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Speaking of dilapidated Upper West Side houses, it was a long and not particularly graceful fall from the top for the 12,000-square-foot Schinasi Mansion, which was listed for $31 million in 2006 and, after seven years of price chopping, is finally in contract. Although the final price is unknown, the white marble French Renaissance megamansion, which was used as a set for Woody Allen's Bullets Over Broadway as well as some very classy pizza parties, was most recently asking $13.5 million after its annual price reduction. As the lack of interior photos indicates, the problem here was the extensive interior renovations the new owner of the 12BR/11BA home will have to undertake. The broker told the Observer, "The woodwork was distorted, the ceilings were beautiful but crumbling, the exterior was in bad shape. I guess it's been habitable all these years, but it needs a lot of work." The current owner, Beverly Smit, bought the mansion with her late husband, Columbia Law professor Hans Smit, in 1979 for $325,000, but they did not use it as their primary residence.
· After Years On the Market, Magnificent Riverside Drive Mansion Finally Finds A Buyer [Oberserver, via The Real Deal]
· Schinasi Mansion coverage [Curbed NY]

351 Riverside Drive

351 Riverside Drive, New York, NY