What was once referred to as the “Midtown Castle” is back on the market, albeit for a little bit less. When this enormous townhouse on West 51st Street first came on the market in 2016, after a gut renovation, it was asking just under $15 million.
About a year and three months later, the price has now come down to $13.5 million, and the owner has also decided to go with a different brokerage firm: Douglas Elliman. The townhouse was first listed by Town Residential, but when there were no interested buyers, the owner switched over to Corcoran and reduced the asking price to $14 million last September.
That price has now taken another $500,000 cut with Douglas Elliman. As for the features of this sprawling mansion—the townhouse spans a little over 7,000 square feet, and comes with an additional 1,750 square feet of outdoor space spread out between a private garden, two terraces, and a roof deck.
The house was built in 1910, according to the brokerbabble, and the owner retained or restored many of the original details including the front stoop and the original floor joist that envelopes the fireplace in the living room.
There are several modern additions as well, most notably the thoroughly kitted out garden level of the townhouse that now comes with a pinball machine, four televisions, a pool table, and a bar that comes with a beer tap and a soda gun.
The master suite is also a standout feature here; it occupies the top two stories of this five-story home with a spiral staircase connecting the bedroom to the office on the upper level. The owner of the property put down just over $3 million to purchase this property in 2011. Do you think this particular price cut will make a difference?