NYC townhouse finally sells after massive $35M price cut

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A Manhattan Beaux-Arts townhouse that has gone on and off the market since 2016 has finally landed a buyer — for $35 million less than the initial asking price.

The six-bedroom, 14-bathroom Upper East Side residence, at 8 E. 62nd St., first hit the market with a hefty $84.5 million price tag.

Spanning roughly 15,000 square feet over six levels, the property was last listed for $55 million before entering contract for nearly $50 million, the Wall Street Journal reported.

While the identity of buyer remains hush-hush, current owner and co-founder of real-estate investment firm Somerset Partners, Keith Rubenstein, revealed that the property ended up “in good hands.”

Rubenstein and his wife, Inga, purchased the home in 2007 for $35 million. They spent several years extensively renovating it. And despite the hefty price cut, they’re still looking to walk away with a nice chunk of money from the sale.

A living space.
Evan Joseph
The marble staircase.
The marble staircase.
Evan Joseph
The wet bar.
The wet bar.
Evan Joseph
The library.
The library.
Evan Joseph

When they first listed the home, Rubenstein told The Journal: “we like to move every now and then. We like projects.”

Located just off Central Park, the townhouse was constructed in 1903 by Grants Tomb architect John H. Duncan.

Features include a sweeping marble staircase, a breakfast room with a woodburning fireplace, and 17-foot ceilings in the formal living and dining areas, the previous listing noted. On the third floor is a library with custom millwork paneling.

The primary suite boasts dual bathrooms with heated floors and steam-resistant mirrors. Additional bedrooms are on the fourth and fifth floors. There’s even a temperature-controlled vault for fur clothing.

The kitchen.
The kitchen.
Evan Joseph
The breakfast room.
The breakfast room.
Evan Joseph
The primary bedroom.
The primary bedroom.
Evan Joseph

Other luxe features include handmade marquetry floors, a billiards room with walls upholstered in red Hermès leather and a smoking room equipped with a ventilation system.

Amenities include a wine cellar, a gym and a spa area with a sauna, and a plunge pool.

A garden on the property is about 2,500 square feet. The rooftop terrace is complete with an elevator entry and contains a lounge area, a dining area protected by a cedar pergola, a full outdoor kitchen with a built-in grill and an outdoor refrigerator, plus views of Central Park.

Adam Modlin of Modlin Group held the listing. The Corcoran Group represented the buyer.

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