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Location: New York, N.Y.
The Skinny: Built in 1909 for a Turkish tobacco baron, this French Renaissance-style house was designed by the architect behind Carnegie Hall, William B. Tuthill. Tuthill's design includes 12,000 square feet of living space, a hallway lined in Egyptian marble and Turkish glass, a smoking room (naturally), a dazzling green tiled roof, and, remarkably, an underground passage under the street leading out to the Hudson River. The secret escape hatch is now sealed, and that might be a small part of why this house is having so much trouble finding a new owner. When it first hit the market back in 2006, the asking price was a jaw-dropping $31M. Over in the heart of the Upper East Side, that price might be run of the mill, but for the way uptown address at 107th and Riverside Drive? It's none too surprising that the house has endured some substantial price chopping in the past four odd years. By March of last year, the 41-foot-wide mansion was asking $24.9M. Today, it remains on the market for $20M. Still quite the pretty penny, but no matter what the current owner manages to get for it, he probably stands to make a tidy profit. A Columbia Law professor, he purchased the mansion in 1979 for just $325K.
· Riverside Drive [BHS]
· $25M Riverside Drive Mansion Makes Annual Return to Market [CurbedNY]
· An Opulent Home, a Rich Past [NYT]