Another luxury home is listed in the market for a whopping $50 million. This real estate property is located at the upper east side of Manhattan.
The Real Deal says that this Historic mansion in Upper East Side of Manhattan has been listed in the market. It is a fifth Ave. Townhouse that is located at 7 East 76th Street off Fifth Avenue. It has a total floor area of 14,000 square feet, and is "built in the Neo-Renaissance style in the late 1890s." The real estate property has been renovated in the late 90s.
The Wall Street Journal has a detailed description of this luxury home in Manhattan. According to the listing, the Neo-Renaissance mansion has still most of its original details despite the fact that it has gone through renovations in 1990s.
This large townhouse in Manhattan has 9 bedrooms including 2 staff rooms that are spread all throughout the 6 floors. It also has a finished basement wherein the storage and wine cellar are located.However, the master suite occupies the 3rd floor of the mansion, where it has its own sitting room and kitchenette.
In addition, the luxury home has 2 kitchens and one is intended for the catering. It also has a gym with a ballet barre. The top floor had been used as handball court, but now it's been renovated to "a bedroom, bath, kitchenette and a greenhouse." It is also noted that this townhouse has a few secret passageways. "The floor of a coat closet opens to reveal a hidden stairway to the basement, and a concealed door in the library leads to a card room."
According to the listing agent, Stan Ponte of Sotheby's International Realty, this luxury home is owned by a Japanese philantropist named Bungo Shimada. He has bought this property in 1990. This Neo-Renaissance mansion is used by Mr Shimada as his residence whenever he is in New York.
But since he is one of the owners of Japan's Shimabun Corporation (an iron and steel recycling business of his family), he mostly travels and has acquired other real estate properties in other parts of the world. In his email, Mr. Shimada says that the reason why he is selling this townhouse in Manhattan is because owning this Neo-Renaissance home requires "an extraordinary commitment to maintain it in top form." Also, he said that the sale will be used as the means to his "to new creative endeavors including the work of my foundation."
