The Upper West Side’s last existing freestanding single-family mansion, the Schinasi House at 351 Riverside Drive, has finally found a buyer after several rounds of price cuts, the New York Observer reported.
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Manhattan’s last existing freestanding single-family mansion, the Schinasi House at 351 Riverside Drive on the Upper West Side, has been relisted today after several years of moving on and off the market, according to data from Streeteasy.com, but with two differences. Owner and Columbia University professor Hans Smit has switched up brokers, swapping Felise Gross and Diane Abrams of Brown Harris Stevens, who have had the listing since 2006, for Tod Mercy, an agent at the Corcoran Group, and slashing the price significantly.
The property, which was initially listed for $31 million in 2006, then $30 million in 2007 and $25 million last year, is now asking only $14.95 million, a veritable bargain for a 41-foot-wide house with 12,000 square feet of interior space and 3,400 square feet of exterior space.
The longtime owners of the Upper West Side’s Schinasi House, the 12,000-square-foot mansion at 351 Riverside Drive, have slashed their asking price to $20 million in an attempt to take advantage of a recent rebound in Manhattan townhouse sales, the listing broker said today. That’s still a potentially record-breaking price for a single-family home on the Upper West Side.
The house, whose listing boasts that it is the last free-standing, single-family mansion in the borough, was originally asking $31 million when it hit the market in 2006. It has been on and off the market since then, most recently asking $24.9 million…. [more]