UWS Schinasi mansion finally sells

New York /
Jun.June 09, 2013 12:00 PM

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.

The 12,000-square-foot, white marble French Renaissance home was most recently on the market for $13.5 million, down from the original $31 million asking price.

The 12-bedroom, 11-bath mansion had been on the market since 2006. Corcoran broker Tod Mercy confirmed the sale, but did not reveal the buyer.

At 41-feet wide by 73-feet deep, the house is surrounded by private gardens on a corner lot off 107th Street and faces the river. It’s a stunning home with a tiled entrance hall, stained glass windows and a pristine facade.

But it needs work, brokers say, despite a 20-year renovation by the owners, Beverly Smit and the late Columbia University law professor Hans Smit, who bought it in 1979 for $325,000.

It had once been thought that the Schinasi Mansion could set a record for a Manhattan single-family home. But at $13.5 million, it would not even break the record for the neighborhood, set by a landmarked mansion next door. At 352 Riverside Drive, Helen LaKelly Hunt, daughter of oil tycoon H.L. Hunt, paid $15.75 million in December 2007. [NYO]TRD


Related Articles

arrow_forward_ios
Many of these investors are targeting lower-priced homes. (iStock)
Institutional investors, higher material costs lead to rising home prices
Institutional investors, higher material costs lead to rising home prices
(iStock/Illustration by Kevin Rebong for The Real Deal)
Investors increasingly compete with first-time buyers for homes
Investors increasingly compete with first-time buyers for homes
Renderings of development. (City of New York)
Plans for 23-story Upper West Side project are back on
Plans for 23-story Upper West Side project are back on
Housing sale-to-list price ratio nears 100% in February. (Unsplash)
Home sale prices near 100% of asking prices
Home sale prices near 100% of asking prices
2514 Albemarle Road in Flatbush, 242 and 246 Bradhurst Avenue and 5 West 91st Street (Google Maps)
Mid-market sales see another strong week with $97M in deals
Mid-market sales see another strong week with $97M in deals
Slate Property's CEO Martin Nussbaum (West End 87)
Scale Lending originates $38M inventory loan for unsold UWS condos
Scale Lending originates $38M inventory loan for unsold UWS condos
Certain Brooklyn neighborhoods saw the biggest drops in home sales last quarter, but prices edged up  (Photos via Getty/iStock/Wikipedia)
These Brooklyn neighborhoods saw the biggest drops in home sales
These Brooklyn neighborhoods saw the biggest drops in home sales
José Calderón and 235 West 75th Street (Calderón by Borja B. Hojas/Getty Images; Google Maps)
Former Knick scores unit at HFZ’s Upper West Side condo
Former Knick scores unit at HFZ’s Upper West Side condo
arrow_forward_ios

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

Loading...