The "classical and chic" 25-room townhouse at 7 East 67th Street is having a hard time finding a buyer. The house, owned by hedge funder Charles Murphy, first hit the market in March seeking $49.5 million, and recently underwent a price chop bringing its ask down to $38.8 million—hardly a basement bargain price, but a substantial discount nonetheless.
Murphy picked the property up from Seagram heir Matthew Bronfman in 2007 for $33 million, and first relisted the property for $37 million just two years later. Its stay on the market was short-lived, and reappeared seeking just shy of $50 million seven years later.
The townhouse underwent a a complete and exquisite renovation under Bronfman who razed the townhouse just short of its facade and brought it a sweeping elliptical staircase topped by a skylight, a double-height library, a gym in the basement, and gallery spaces on the first and second floors.
The townhouse between Fifth and Madison avenues was originally designed in 1882 by Thom & Wilson, and recommissioned in 1899 by Clinton and Russell, the duo behind the Apthorp and Hotel Astor.
- Listing: 7 East 67th Street [Corcoran via StreetEasy]
- Stunning 19th-century Upper East Side townhouse seeks $49.5M [Curbed]