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After a price chop, Upper East Side mansion returns to market for $45M

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The mansion initially wanted $50 million before shaving $8 million off the price in summer 2016

Photos courtesy Brown Harris Stevens

In 2015, a whopper of an Upper East Side home hit the market for a mind-boggling $50 million, warranting the respectful title the “Gold Coast.” The opulent home is currently owned by Japanese philanthropist and billionaire Bungo Shimada but it’s struggled to entice a buyer and has been off and on the market for more than a year.

In September 2015, the 19th century mansion was listed by Sotheby’s at the initial $50 million asking price before having $8 million shaved off of its ask in July of that same year. Apparently, someone decided that $42 million was too much of a bargain because the home is back on the market, asking $45 million, reports The Real Deal.

Designed by Parish & Schroeder and built in 1898, the magnificent space ihas six bedrooms, more than seven bathrooms, two galleries, a wine cellar, solarium, and even a card room linked to the library via a secret tunnel.

The listing has also changed hands from Sotheby’s to Brown Harris Stevens along with a set of new, less enticing photos.