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Dignified Upper East Side co-op, once asking $65M, gets another price chop

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Is $34.5 million the magic number?

Living room at 1060 5th Avenue

The extremely dignified (if somewhat Downton-esque) Fifth Avenue residence of former U.S. Ambassador Bruce Gelb was once among the most expensive homes for sale in New York City, but got a low-key $27 million price chop this past summer.

But it seems the $38 million price tag may have still been a bit of a reach; the 10th-floor co-op at 1060 Fifth Avenue, formerly repped by Dolly Lenz, has been relisted, with Stribling and Compass sharing the exclusive. The place has also had a few more millions shaved off the ask, with the current and comparatively modest list price of $34.5 million.

What has not changed is the decor, which is not exactly contemporary. That is not to say that the five-bedroom home is without its charms, chief among them views of the Central Park reservoir, original detailing (the J.E.R. Carpenter carved mantel, for example, is still in place), and an enormous formal dining room appropriate for all your stately needs. (The original floor plan shows off extensive servants’ quarters, too.)

In addition to the more public wing of the house, which boasts a wood-paneled living room with 11-foot ceilings, a casual library, and a palatial dining room (see above), the residence features an enormous windowed eat-in kitchen with “enough room for even the most discerning chef” (not pictured), three “generously proportioned” bedrooms with en-suite windowed baths, and a master suite with two bathrooms, a dressing room, and multiple walk-in closets. The den and office could also be converted into bedrooms, the listing notes.