The historic Upper East Side townhouse of late investor and hedge fund manager Charles Murphy is priced to sell—taking a $6.55 million price cut on Monday.
The 100-year-old townhouse on East 67th Street is now on the market for $29.95 million, nearly $20 million less than when it first hit the market in 2016 for $49.5 million. It’s one of only a few 25-foot-wide Beaux-Arts mansions on the market in Manhattan, according to listing records on StreetEasy.
More:Check Out Images of the Historic Townhouse Here
The home, with its classic limestone facade, was one of many buildings—including the The Flatiron—commissioned by the famous Astor family, according to the listing with Corcoran Group agents Deborah Grubman, Markus Buchmeier and David M. Adler. The brokerage declined to comment on the price change.
Matthew Bronfman, an heir to the Seagram liquor fortune, who owned the house before Murphy, carried out a gut renovation of the interior, including architectural stairwells that draw in light from top-floor skylights, according to the listing. Mr. Bronfman sold the home to Murphy in 2007 for $33 million, according to property records.
"The floating main staircase and the interior rear glass stair were intentionally created to bring light into normally darker areas within a large residence," the listing says.
The showpiece of the home is a double-height, wood-paneled library with dramatic, 20-foot-tall Palladian windows.
The home spans 11,550 interior square feet with 19 rooms, including seven bedrooms and seven full bathrooms.
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There are 11 working fireplaces and ceilings rising over 12 feet in the main rooms on the parlor floor. The home also has a wine cellar, staff quarters and a gym, according to the listing.
A landscaped roof terrace, patio and library terrace add another 2,200 square feet to the home.
The home has taken a series of price cuts in the wake of Murphy’s tragic death. He committed suicide in March. He was 56 years old.