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Opulent Riverside Drive mansion will hit the auction block next month

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It’s expected to fetch about $14M, far less than its initial $40M price

After a few years on the market without any takers, the owners of the famed Kleeberg Residence at 3 Riverside Drive are trying something different: The historic home is now set to be auctioned off next month by Concierge Auctions, as part of the company’s larger sale of various and sundry New York City homes.

The 19th-century mansion is expected to fetch between $13 million to $16 million, which isn’t exactly chump change; but it’s a far cry from the $40 million it was asking when it first came on the market in 2012. But it was already on the chopping block, with a 33 percent reduction to $27 million last fall; as of now, it’s sitting at $18.5 million, fully half of the original asking price.

Despite the fact that it’s been hard to sell, the French Revival mansion is nothing short of stunning. The 11,000-square-foot house features eight bedrooms, four terraces, nine-and-a-half bathrooms, and nine gas fireplaces. Designed by C.P.H. Gilbert at the turn of the 20th century, the house was designated a New York City landmark in 1991. “Its striking design and appearance give the town house a grand presence at the gateway to Riverside Drive,” the designation report notes.