The Vanderbilt Mansion on East 69th Street, owned by late Johnson & Johnson heiress Libet Johnson, has sold for much less than its original $55 million asking price.
According to The Real Deal, the lavish five-story home was purchased by billionaire tech honcho Tianqiao Chen for $39 million, which amounts to $16 million less than the original asking amount and $8 million less than its most recent $45 million price tag.
The mansion dates back to 1881 and was purchased by Alice Gwynne Vanderbilt in 1900. Johnson purchased the home for $48 million in 2011 and tapped architect Peter Marino to helm a renovation, before relisting the home in 2016. Over the past century, it has also served as home to real estate mogul Walter J. Salmon and beauty.com founder Roger Barnett.
The property features seven bedrooms, five wood-burning fireplaces, a gym, a landscaped garden, two terraces, and much more across its 12,000-square-foot expanse.