UPDATED, March 18 2021, 2:25 p.m.: After a two-year makeover, a historic Chelsea mansion owned by Sterling Equities is ready to go.
The firm, led by real estate developer Fred Wilpon, listed a 19th-century Manhattan townhouse at 334 West 20th Street for $25 million, the Wall Street Journal reported.
The 25-foot-wide home was recently renovated by Scott Wilpon, the nephew of the family patriarch, according to the publication. His changes included restoring the building’s Greek Revival facade.
The 7,058-square-foot, five-story house has five bedrooms, a rooftop deck and a mud room with built-in dog washing facilities. There’s also a back garden, screening room, wine cellar and gym.
Read more
Commercial
New York
New York Mets owner offering his real estate expertise to other sports franchises
Residential
New York
Signed contracts spike in Manhattan and Brooklyn in January
Commercial
South Florida
Magellan sells Midtown Miami apartments for $154M
French doors and window shutters that couldn’t be salvaged during the renovations were recreated, according to the report.
The renovations were done about four months ago, but the family delayed listing until spring in hopes that the home would sell faster. Just last month, the Manhattan luxury market saw the largest number of contracts signed for properties asking $4 million or more since 2019.
Fred Wilpon co-founded Sterling, but is perhaps best known for owning the New York Mets for several decades. Last year, he struck a deal with hedge funder Steve Cohen, who acquired the team for between $2.4 and $2.5 billion.
[WSJ] — Cordilia James
CORRECTION: This story originally stated the townhouse is owned by the Wilpon family. It is owned by Sterling Equities, the development firm founded by Fred Wilpon.