{"id":20587,"date":"2025-10-29T00:06:40","date_gmt":"2025-10-29T00:06:40","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/20587\/"},"modified":"2025-10-29T00:06:40","modified_gmt":"2025-10-29T00:06:40","slug":"the-largest-private-home-in-manhattan-has-found-a-new-owner-after-nearly-40m-in-price-cuts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/20587\/","title":{"rendered":"The largest private home in Manhattan has found a new owner \u2014 after nearly $40M in price cuts"},"content":{"rendered":"

After nearly a year on the market and a dramatic series of price reductions, the Woolworth Mansion on East 80th Street \u2014 Manhattan\u2019s largest private residence \u2014 has entered into contract, The Post has learned.<\/p>\n

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.<\/p>\n

The 20,000-square-foot limestone mansion, designed in 1915 by C.P.H. Gilbert for retail magnate Frank Woolworth\u2019s daughter Helena, was most recently offered<\/a> at $49.95 million.<\/p>\n

\"After<\/p>\n

After nearly a year on the market and a major price cut, Manhattan\u2019s largest private residence \u2014 the Woolworth Mansion at 4 E. 80th St. \u2014 has found a buyer. Edward Menashy \/ Evan Joseph Studios<\/p>\n

\"The<\/p>\n

The home entered contract on Oct. 27, according to city records. Edward Menashy \/ Evan Joseph Studios<\/p>\n

\"The<\/p>\n

The 20,000-square-foot Gilded Age townhouse was designed by C.P.H. Gilbert in 1915 for retail magnate Frank Woolworth\u2019s daughter Helena. Edward Menashy \/ Evan Joseph Studios<\/p>\n

That figure represented a deep discount from its $59 million asking price when it resurfaced last November \u2014 and a far cry from the eye-popping $90 million sought in 2012, when it briefly held the title of New York\u2019s most expensive townhouse.<\/p>\n

It\u2019s \u201cthe best value\u201d for a property of its size, broker Adam Modlin of the Modlin Group, who represents the sale, previously told The Post.<\/p>\n

\"Once<\/p>\n

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<\/p>\n

\"Portrait<\/p>\n

Portrait of Frank Winfield Woolworth, founder of the Woolworth chain. Bettmann Archive<\/p>\n

\"The<\/p>\n

The home occupies 20,000 square feet. Edward Menashy \/ Evan Joseph Studios<\/p>\n

\"The<\/p>\n

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<\/p>\n

\"The<\/p>\n

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<\/p>\n

At roughly $2,500 a square foot, the property\u2019s scale and pedigree have few peers in the city\u2019s townhouse market.<\/p>\n

Originally part of a family enclave of three adjacent homes built for Woolworth\u2019s 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.<\/p>\n

Amenities include a gym, a sauna, a library and a glass-enclosed solarium.<\/p>\n

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\u2019s Philanthropic League for $6 million.<\/p>\n

\"The<\/p>\n

The home boasts nine bedrooms and 11 bathrooms. Edward Menashy \/ Evan Joseph Studios<\/p>\n

\"An<\/p>\n

An ensuite bathroom. Edward Menashy \/ Evan Joseph Studios<\/p>\n

\"The<\/p>\n

The elevator services all floors. Edward Menashy \/ Evan Joseph Studios<\/p>\n

\"Broker<\/p>\n

Broker Adam Modlin previously called it the \u201cbest value\u201d for a mansion of this scale. Edward Menashy \/ Evan Joseph Studios<\/p>\n

\"A<\/p>\n

A sitting room. Edward Menashy \/ Evan Joseph Studios<\/p>\n

The couple spent years restoring the property before Lucille\u2019s death in 2003. Their son, Kevin Roberts, later told the Wall Street Journal that he lived there with his father until 2016.<\/p>\n

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.<\/p>\n

Its reemergence for sale last year came amid renewed appetite for prewar trophy homes on the Upper East Side, following several record townhouse transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"After nearly a year on the market and a dramatic series of price reductions, the Woolworth Mansion on…\n","protected":false},"author":2,"featured_media":20588,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[13890,11036,13891,75,84,83,9,24,63,13892,13889],"class_list":["post-20587","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-edward-menashy","tag-evan-joseph","tag-frank-woolworth","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc","tag-private-residence","tag-woolworth-mansion"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/20587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=20587"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/20587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/20588"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=20587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=20587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=20587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}