Heck, I'd buy it; I'm just short six zeros

Stanford White Manhattan Mansion Takes a Huge Price Cut

A dazzling Fifth Avenue mansion designed by the famed Gilded Age architect Stanford White is back on the market — this time with a major price cut. 

The sprawling 16,000-square-foot limestone home at 973 Fifth Ave., located directly across from Central Park, is now listed for $49.9 million, a significant drop from its original $72.5 million price tag in 2023. 

This architectural gem is “unbelievably rare,” co-listing agent Andres Perea-Garzon of Corcoran told Mansion Global, which reported on the listing.

Specifically, this is one of two Stanford White-designed townhouses in Manhattan that were intended for single-family use and remain that way today, meaning this offering boasts an incomparable pedigree, not to mention a special opportunity to own a real piece of New York City history. White’s work during his career included the Washington Square Arch and the Players Club; he had been affiliated with the firm McKim, Mead & White, best known for the original Penn Station and Madison Square Garden.

This listed home’s current owner, who purchased the home for $42 million in 2012, embarked on an extensive restoration, bringing the mansion “back to its original glory,” Perea-Garzon said. “Everything was fully either restored or put in brand new,” he added. 

Inside, the 11-bedroom estate is a lavish step back in time, featuring nine hand-carved woodburning fireplaces, a grand limestone staircase, restored stained-glass windows and soaring ceilings. 

While the home retains its early 20th-century charm, it has also been upgraded with modern conveniences, including advanced air filtration systems, a new elevator, and five kitchens — one of which boasts a marble waterfall island. 

Additional amenities include a climate-controlled wine cellar, a Venetian plaster steam room, a jewelry and silver vault, and a rooftop terrace with 360-degree views of the Manhattan skyline. 

The property has been on and off the market in recent years, with fluctuating price tags.

After originally listing for $72.5 million, the price dropped to $65 million, then $58 million before landing at its current asking price. 

Perea-Garzon said the adjustment reflects the broader real estate market, explaining that “if you look at what has sold in the past two years, [there’s been] somewhat of a correction.” 

A “correction” that would have made David Ogilvy proud.