This NJ mansion is back on the market — with a 75% price chop

It’s listed for just under $10M

Apr.April 26, 2019 05:00 PM
Gloria Crest in Englewood (Credit: Pixabay)

Gloria Crest in Englewood (Credit: Pixabay)

A northern New Jersey mansion — which has struggled to find a buyer for years — is on the market again, asking nearly 75 percent less than last time.

The Englewood property, dubbed Gloria Crest, is listed for $9.99 million, the New York Post reported. That’s a far cry from its original $39 million asking price in 2013. The home at 89 N. Woodland Street has been discounted five times over the years, with other prices ranging from $12 million to $24 million. It’s also been pulled from the market at least three times.

Signature Realty NJ’s Michelle Pais is marketing the property.

The owner, Edward Turen, bought the property for $4.8 million in 2000. Turen — CEO of Control Equity Group, which provides facility management and security services to commercial entities — took out mortgages on the home for more than it was worth, the report said. In 2017, Gloria Crest almost headed to a foreclosure auction due to an unpaid $5 million mortgage.

The 24,000-square-foot home sits on five acres of land. The home dates back to 1926, built for Stefan Poniatowski, who claimed to be a Polish count and an heir to the country’s throne. He was also a silk manufacturer but went bankrupt in the 1929 stock market crash — later selling the mansion and moving to Manhattan, the report said.

Gloria Crest has eight bedrooms, nine full bathrooms and five powder rooms. It features a chef’s kitchen with a stained-glass ceiling and a master suite that spans three rooms. The grounds outside, surrounded by trees and a 10-foot wall, include lawns, orchards and gardens. The property also has an infinity pool, a cabana, a private lake, a home theater and a gym.

The home has several rumored past owners, including actress Gloria Swanson. [NYP] — Meenal Vamburkar


Related Articles

An aerial view and a rendering of The Element at 400 Claremont Avenue (Credit: Google Maps)

Jersey City mixed-use project lands $120M in financing

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand