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Knoedler Gallery manse goes for half-off
The owners of the Knoedler Gallery townhouse at 19 East 70th Street have sold it for $31 million, just over half the original $59.5 million asking price, the Wall Street Journal reported. Despite the discount, it is the second-priciest townhouse sale since 2008, after the Duke Semans mansion, which Carlos Slim bought for $44 million last year. The Italian Renaissance-inspired mansion was built in 1909 and has housed the gallery for the past four decades. The buyers plan to turn the 19,000-square-foot property back into a single-family home, sources said, and meanwhile, the gallery is on the hunt for a new location. Eva Mohr of Sotheby’s International Realty had the listing, which was last priced at $49.9 million. [WSJ]