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Upper East Side mansion with a Peter Pennoyer makeover returns for less

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The 1920s townhouse has gotten a modern makeover

A wood-paneled room in an Upper East Side mansion

Back in 2015, this Upper East Side townhouse (owned by the daughter of a Bear Sterns CEO) was listed for a staggering $38.5 million—a substantial jump from its original $33.5 million, which is what it was asking in 2012. But the stately seven-story townhouse at 10 East 75th Street has apparently fallen on hard times. After two years of not selling, the place has just been re-listed at a discounted $35 million.

That buys you an endless parade of luxuries, most of which are not detailed in the slim description. (As the saying goes, if you need to ask...) Though the limestone facade dates back to the 1920s, the interior got a total revamp by architect Peter Pennoyer and designer Victoria Hagan in 2002, when the house had just sold for $8.25 million. Oh, how times have changed.

Inside, the 10,000 square foot home features “elegant yet comfortable modern day living.” That means six bedrooms, including a master suite with his- and hers- dressing areas; endless living spaces; a grand spiral staircase; eight and a half bathrooms; and a caretaker’s apartment on the cellar floor. The home also boasts a “lush” rooftop garden, centrally controlled sound, heat, and lighting systems.