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

It’s listed for just under $10M

Tri-State /
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

arrow_forward_ios
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Residential construction accounted for 44% of spending in October. (iStock)

Housing drives rise in construction spending October

Housing drives rise in construction spending October
1616 President Street in Crown Heights (Google Maps; iStock)

Crown Heights renters protest New York’s “worst landlord”

Crown Heights renters protest New York’s “worst landlord”
48 Willow Place and 568 First Street in Brooklyn (Google Maps, Unsplash)

Brooklyn sees $49M in luxury contracts signed during holiday week

Brooklyn sees $49M in luxury contracts signed during holiday week
Second monthly decline in contract activity signals looming decline in U.S. home sales (iStock)

Pending home sales fall again as prices continue to rise

Pending home sales fall again as prices continue to rise
Former J. Crew CEO Mickey Drexler and 760 N Walnut Ave, Ketchum (Getty; Realtor)

Former J. Crew CEO Mickey Drexler sells Idaho estate

Former J. Crew CEO Mickey Drexler sells Idaho estate
Singapore (iStock)

Singapore luxury market rebounds despite fewer foreign buyers

Singapore luxury market rebounds despite fewer foreign buyers
(iStock)

Mortgage requests surge ahead of Thanksgiving

Mortgage requests surge ahead of Thanksgiving
arrow_forward_ios

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

Loading...