If at first you don’t succeed, wait four years and try again.
A mansion on the Upper East Side that was on the market four years ago for $77 million has just been re-listed for a reduced price of $67 million.
The seven-story townhouse is at 12 East 63rd Street, between Fifth and Madison avenues, is back on the market for $5,153 a square foot. The home has seven bedrooms and eight-and-a-half bathrooms, spread across 13,000 feet of internal space, as well as a private garden terrace.
The basement houses a 20-foot swimming pool, massage room, and fitness studio. There is also a screening room, a library, staff quarters and an elevator to tie it all together.
The townhouse was bought for $19.6 million by Greenfield Properties II LLC back in 2010.
The interior was then rebuilt by Canadian architect Armand Dadoun, who previously worked on the George V Hotel in Paris, the Peninsula in Shanghai and the Four Seasons Hotel on Park Lane in London.
Carrie Chiang and Loy Carlos at the Corcoran Group have the listing.
In 2015, the house was listed for sale at a whopping $77 million, but no buyer ever materialized.
Even at $67 million, it’s an ambitious price. The Manhattan townhouse market has been sluggish of late, with a handful of notable sales in the last year. Oligarch Roman Abramovich sold his Upper East Side townhouse assemblage to his ex-wife for over $90 million.
David Koch also spent just over $40 million on Joseph Chetrit’s UES mansion. Aside from those deals, no other townhouse sale in 2018 eclipsed $40 million.