Now’s your chance to buy an Upper East Side mansion at a deep discount.
Extell Development, the firm behind the Carlton House Mansion, has shaved $12 million off the asking price, bringing it to $37.5 million. The firm first listed the property at $65 million back in 2014, and later reduced it to $49.5 million.
The townhouse sits next to Extell’s Carlton House, a condominium development consisting of 68 luxury residences. The mansion’s future residents will have access to all the condo’s amenities, which include a fitness center and indoor swimming pool.
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With nearly 10,000 square feet of living space, the 35-foot-wide townhouse is being sold in a core-and-shell state, so the buyer can customize its layout. The property includes outdoor space.
The price cut comes amid declining townhouse sales and falling prices in Manhattan, on the back of lower Wall Street bonuses and uncertainty surrounding the global economy.
The property is listed with Paula Del Nunzio of Brown Harris Stevens.
A spokesperson for Extell declined to comment.
Write to Gina Faridniya at gina.faridniya@dowjones.com