Price slashed to $50M for Rosen’s UES manse

New York /
Nov.November 10, 2010 09:30 AM
Aby Rosen

Aby Rosen’s 22,000-square-foot mansion at 22 East 71st Street — back on the market after a brief, and unexplained, disappearing act over the summer — has been price-chopped again, this time to $50 million.

It’s a far cry from the $75 million Rosen was asking for it in April 2008, when he put it on the market following the collapse of the resident Salander-O’Reilly Galleries, which were crushed in the wake of art dealer Lawrence Salander’s $88 million Ponzi scheme. Rosen originally paid $15.65 million for the 45-foot-wide townhouse, designed during the 1920s by C.P.H. Gilbert, in 2004, and after extensive renovations, he had rented it to Salander’s galleries for an initial $1.8 million per year.

In the more than two years since the home has been on the market, Rosen has reportedly turned down several $60 million-plus offers.

“The change in sales price is simply reflective of the current marketplace,” Sotheby’s International Realty, whose Serena Boardman and Meredyth Smith are handling the listing, said in a joint statement with Rosen’s RFR Realty today. A spokesperson for RFR declined to comment further.


Related Articles

arrow_forward_ios
From left: RFR Holdings' Aby Rosen and Blue Owl Capital's Doug Ostrover along with 3 World Trade Center (left), the Seagram building (middle) and 340 Madison Avenue (right) (Getty Images, Blue Owl Capital, Beyond My Ken, CC BY-SA 4.0 - via Wikimedia Commons)
Trio of office leases boost hopes at Class A buildings
Trio of office leases boost hopes at Class A buildings
Aby Rosen and Meadow Partners' Jeffrey Kaplan with 95 Morton Street (Christopher Peterson CC BY 3.0 via Wikimedia Commons, Meadow Partners, RFR Realty)
Meadow pays Aby Rosen $288M for West Village office building
Meadow pays Aby Rosen $288M for West Village office building
From left: Official's Oren Alexander, Aby Rosen, Official's Tal Alexander, and 281 Park Avenue South (The Alexander Team, Getty Images, LoopNet, iStock)
Aby Rosen puts Church Missions House on market
Aby Rosen puts Church Missions House on market
Aby Rosen and the Gramercy Park Hotel (Getty Images, GACE Consulting Engineers)
Checkout time: Aby Rosen booted from Gramercy Park Hotel
Checkout time: Aby Rosen booted from Gramercy Park Hotel
Aby Rosen and Jay Penske in front of 475 Fifth Avenue (LoopNet, Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Aby Rosen teams up with Rolling Stone publisher on $290M office deal
Aby Rosen teams up with Rolling Stone publisher on $290M office deal
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Vanke US, Getty, M18 Public Relations)
With Aby Rosen out, Chinese developer slashes Midtown condo prices
With Aby Rosen out, Chinese developer slashes Midtown condo prices
Aby Rosen dodges liability at Gramercy Park Hotel
Aby Rosen dodges liability at Gramercy Park Hotel
Aby Rosen dodges liability at Gramercy Park Hotel
Dr. Samantha Boardman. Inset: Aby Rosen (Getty, iStock)
Aby Rosen’s wife: “Huge amount of dread” about return to offices
Aby Rosen’s wife: “Huge amount of dread” about return to offices
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...