Milbank Mansion closes without setting townhouse record

The former home of Penthouse founder Bob Guccione, known as
the Milbank Mansion, has finally sold, but for less
than the city’s townhouse record of $53 million. Property investor Philip
Falcone reportedly got the $59 million asking price down to below $50 million. The
22,000-square-foot, 27-room townhouse at 14-16 East 67th Street had been on and
off the market for six years. The record, set by set by a 25,000-square-foot Home On East 75th Street bought by investment banker J. Christopher Flowers in 2006, could still be broken soon. The 15-bedroom Henry Sloane Mansion on East 68th Street has an asking price of $64 million.