NOT LISTED FOR SALE

Estimated Value: $3,028,000 - $64,944,944

10 Beds
15 Baths
28,000 Sq Ft
$1,214/Sq Ft Est. Value

Last Sold March 09, 2021

Last sale price $51,000,000 $1,821 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $210,155/month

228 Days on Market

Highlights

  • City View
  • 5,108 Sq Ft lot
  • Pre War Building
  • East Side Elementary School, P.S. 267 Rated A

About This Home

As of March 2021

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

Adam Modlin

Modlin Group LLC License #49MO0915281 Listed on: 07/23/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 5,108 Sq Ft Lot
  • Lot Dimensions are 50.0 x 102.17

Home Design

  • Pre War Building

Interior Spaces

  • 28,000 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 15 Full Bathrooms

Community Details

  • Lenox Hill Subdivision
  • 7-Story Property

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

5,108 Sq Ft Lot

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Lenox Hill
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 7

Interior Features

  • Living Area: 28000.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 15
  • Bathrooms Integer: 15
  • Bedrooms: 10

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Area: 5108.0
  • Lot Size Dimensions: 50.0 x 102.17

Building Info

  • Units: 1
  • Total Stories: 7
  • Year Built: 1930

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2023
Sold by
Back To Nyc 71 Llc
Bought by
Bolt 1 Lp
Current Estimated Value
$33,986,472

Purchase Details

Listed on
Jul 23, 2020
Closed on
Mar 8, 2021
Sold by
Maple Inc
Bought by
Back To Nyc 71 Llc
Seller's Agent
Adam Modlin
Modlin Group LLC
List Price
$88,000,000
Sold Price
$51,000,000
Premium/Discount to List
-$37,000,000
-42.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.77%

Purchase Details

Closed on
Dec 23, 2011
Sold by
Nine East 71St Street Corporation
Bought by
Maple Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

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 -- --
Source: Public Records

Property History

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
Source: Real Estate Board of New York (REBNY)

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10650752

Real Estate Board of New York (REBNY)

APN: 1386-0010

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