After being on the market for almost seven years, the Rothschild mansion has finally sold for $25 million. The six-story townhouse on the Upper East Side was sold to a buyer, who prefers to stay out of the public's eye.
Bloomberg News reported that, "the person asked not to be identified because the details are private."
Spokesman for the Think Tank Derek Newton, told Bloomberg the owner of the 11,300-square-foot property is owned by the Century Foundation, and will relocate to the financial district ending of this month.
Located on 41 E. 70th St. between Park and Madison Avenues, the mansion is a "diamond in the rough in the perfect location with the perfect garden," Paula Del Nunzio, a broker at Brown Harris Stevens in New York, described the townhouse, Bloomberg confirmed.
Del Nunzio listed the property.
The deal of the property was made since February and it's scheduled to be completed by October.
The mansion belonged to Walter N. Rothschild and his wife, Carola Warburg-Rothschild.
"It includes access to a garden named after Arthur Lehman, the son of a Lehman Brothers Holdings Inc. founder, who once lived next door," Bloomberg confirmed.
In 2005, the townhouse was listed for $25 million according to StreetEasy.com. It returned to the market with a listing price of $35 million in July of 2007.
According to StreetEasy, the price for the mansion decreased three times until it reached $25.5 million. As housing properties began to flourish in December 2010, the owners increased the price to $30 million.
