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Former China Institute Headquarters Return to Manhattan Market Asking $25 Million

The Upper East Side townhouse has been heavily discounted

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The former headquarters of the China Institute on Manhattan’s Upper East Side is back on the market and asking $24.888 million, a discount of more than $13 million from its original listing price.

The seller, who used the LLC 125 East 65th Street Inc. for their purchase of the 12-room house, bought it for $22 million in September 2014, city records show, after the Institute had listed it for $32 million earlier that same year.

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The owner behind the LLC first tried to part with the house in January 2016, when they listed it for $38 million.

Designed in 1905 by architect Charles A. Platt for Columbia University physician Dr. Frederick S. Lee, the house was given to the China Institute by Henry R. Luce, the American media magnate in 1944, and served as their headquarters for 70 years, according to the listing with Brown Harris Stevens brokers Paula Del Nunzio and Linda Stillwell, who did not immediately comment on the listing.

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Spanning almost 12,000 square feet on five levels, the 35-feet-wide house has six bedrooms, six fireplaces, a Suzhou-style garden, an elevator and a flexible floor plan. Earlier this year, its interior was transformed by designers including Kirsten Kelli and Richard Mishaan when it served as the Kips Bay Decorator Show House.

Curbed first reported the listing.