After nearly a year on the market and a dramatic series of price reductions, the Woolworth Mansion on East 80th Street — Manhattan’s largest private residence — has entered into contract, The Post has learned.
Records show the property entered contract on Oct. 27. The final sale price and the identity of the new owner have not yet been disclosed.
The 20,000-square-foot limestone mansion, designed in 1915 by C.P.H. Gilbert for retail magnate Frank Woolworth’s daughter Helena, was most recently offered at $49.95 million.
After nearly a year on the market and a major price cut, Manhattan’s largest private residence — the Woolworth Mansion at 4 E. 80th St. — has found a buyer. Edward Menashy / Evan Joseph Studios
The home entered contract on Oct. 27, according to city records. Edward Menashy / Evan Joseph Studios
The 20,000-square-foot Gilded Age townhouse was designed by C.P.H. Gilbert in 1915 for retail magnate Frank Woolworth’s daughter Helena. Edward Menashy / Evan Joseph Studios
That figure represented a deep discount from its $59 million asking price when it resurfaced last November — and a far cry from the eye-popping $90 million sought in 2012, when it briefly held the title of New York’s most expensive townhouse.
It’s “the best value” for a property of its size, broker Adam Modlin of the Modlin Group, who represents the sale, previously told The Post.
Once asking a sky-high $90 million in 2012, the Upper East Side landmark was most recently listed for $49.95 million, down from $59 million last November. Edward Menashy / Evan Joseph Studios
Portrait of Frank Winfield Woolworth, founder of the Woolworth chain. Bettmann Archive
The home occupies 20,000 square feet. Edward Menashy / Evan Joseph Studios
The home spans 35 feet wide with three kitchens, a gym, a library, a sauna and a solarium, along with ornate mosaic tilework and stained glass. Edward Menashy / Evan Joseph Studios
The property, once home to fitness mogul Lucille Roberts and her husband Bob, was purchased by the couple in 1995 for $6 million and rented for $80,000 a month in 2021 after years of family ownership. Dan Brinzac/NY Post
At roughly $2,500 a square foot, the property’s scale and pedigree have few peers in the city’s townhouse market.
Originally part of a family enclave of three adjacent homes built for Woolworth’s daughters, the Upper East Side residence stands 35 feet wide and includes nine bedrooms, 11 bathrooms, three kitchens and a host of period flourishes. This includes mosaic tilework and stained glass to a grand dining room fit for a banquet.
Amenities include a gym, a sauna, a library and a glass-enclosed solarium.
The home has belonged to the family of the late fitness entrepreneur Lucille Roberts since 1995, when she and her husband, real estate investor Bob Roberts, purchased it from the Young Men’s Philanthropic League for $6 million.
The home boasts nine bedrooms and 11 bathrooms. Edward Menashy / Evan Joseph Studios
An ensuite bathroom. Edward Menashy / Evan Joseph Studios
The elevator services all floors. Edward Menashy / Evan Joseph Studios
Broker Adam Modlin previously called it the “best value” for a mansion of this scale. Edward Menashy / Evan Joseph Studios
A sitting room. Edward Menashy / Evan Joseph Studios
The couple spent years restoring the property before Lucille’s death in 2003. Their son, Kevin Roberts, later told the Wall Street Journal that he lived there with his father until 2016.
Following decades of family ownership, the mansion briefly hit the rental market in 2021 at $80,000 per month and was even listed for a summer lease at $125,000.
Its reemergence for sale last year came amid renewed appetite for prewar trophy homes on the Upper East Side, following several record townhouse transactions.