Seller's Agent in 2021
Adam Modlin
Modlin Group LLC
(917) 886-4124
19 in this area
94 Total Sales
Estimated Value: $3,028,000 - $64,944,944
The Herbert N. Straus Mansion was the last and largest of just a handful of goliath mansions built during its era in the 1930's and it would become the capstone property of the wealthiest and most prominent block of all of New York City. The Mansion stands with provenance and commanding authority in a neighborhood steeped in New York's richest history. The handful of renowned lavish buildings that surround this Mansion include the old Cornelius Vanderbilt home, the Twombly House and across the street on Fifth Avenue, the former Frick Residence, current home of the Frick Art Collection. Its gargantuan size and opulence is perhaps only outdone by its unique location on the Upper East Side's most desired block flanked by Central Park on Fifth Avenue and St. James' Church on Madison Avenue. The property is uniquely positioned as the perpetual and unobtrusive perspective overlooking the Frick Museum to Central Park can never be blocked by new construction, a rarity in the ever-growing New York City landscape. Upon purchase of the property in 1928 by Herbert N. Straus, heir to Isidor and Ida Straus, co-owners of renowned retailers R. H. Macy & Co., the mansion was commissioned to be built in 1930. Mr. Straus specifically chose “Society Architect” Horace Trumbauer, known for his particular adept proficiency in designing palaces for the rich. Mr. Trumbauer's reputation for creating lavish residential manors for the wealthy allowed the accomplished architect to build the largest and most luxurious residences of the times. The Herbert N. Straus Mansion remains among Trumbauer's most well-known works and contributed to his praise as one of the most “prominent American architect of the Gilded Age.” Built as New York City's largest and most luxurious French Neo-Classical Mansion on a 50 foot wide by 102.2 foot deep lot, 7 stories and in excess of 28,000 square feet, some of the property's luxuries include 15-foot-tall oak entry doors, imported French-limestone meticulously decorated with carvings, sculpture figures and ornamental iron works. Mr. Straus even transported antiques and fixtures along with “entire 18th-century rooms” from Europe. The mansion would eventually be acquired in 1944 by the Roman Catholic Archbishopric of New York to become an extension of the St. Claire Hospital, with up to 50 beds, for nearly twenty years. In 1962, the mansion was sold to the Birch Wathen School, a college preparatory day school from kindergarten to grade 12. In 1989, with the help of architect Thierry Despont and interior designer John Stefanidis, the property was reconverted into the ultimate private residence. Most recently, additional interior design services were provided by Alberto Pinto. This Mansion presents a once in a life-time opportunity to own the largest single-family home in New York City. This historic landmark could easily present itself as a palatial consulate, embassy, foundation, or a museum to once again house some of the world's greatest works of art.
Last Agent to Sell the Property
Modlin Group LLC License #49MO0915281 Listed on: 07/23/2020
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bolt 1 Lp | $65,603,057 | -- | |
| Bolt 1 Lp | $65,603,057 | -- | |
| Back To Nyc 71 Llc | $51,000,000 | -- | |
| Back To Nyc 71 Llc | $51,000,000 | -- | |
| Maple Inc | -- | -- | |
| Maple Inc | -- | -- |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/20/2022 04/20/22 | Off Market | $51,000,000 | -- | -- |
| 03/09/2021 03/09/21 | Sold | $51,000,000 | -42.0% | $1,821 / Sq Ft |
| 07/23/2020 07/23/20 | For Sale | $88,000,000 | -- | $3,143 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $399,823 | $2,110,095 | $583,609 | $1,526,486 |
| 2024 | $399,823 | $1,990,656 | $896,400 | $1,401,656 |
| 2023 | $404,282 | $1,990,656 | $604,922 | $1,385,734 |
| 2022 | $394,419 | $2,738,520 | $896,400 | $1,842,120 |
| 2021 | $392,261 | $2,942,760 | $896,400 | $2,046,360 |
| 2020 | $372,203 | $3,351,660 | $896,400 | $2,455,260 |
| 2019 | $347,021 | $3,355,860 | $896,400 | $2,459,460 |
| 2018 | $338,163 | $1,658,880 | $330,378 | $1,328,502 |
| 2017 | $335,630 | $1,646,457 | $317,484 | $1,328,973 |
| 2016 | $310,513 | $1,553,264 | $394,247 | $1,159,017 |
| 2015 | $124,891 | $1,465,344 | $557,893 | $907,451 |
| 2014 | $124,891 | $1,382,400 | $631,580 | $750,820 |
Seller's Agent in 2021
Adam Modlin
Modlin Group LLC
(917) 886-4124
19 in this area
94 Total Sales
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10650752
APN: 1386-0010
Ask me questions while you tour the home.