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Ornate Steinway Mansion Proves "Location, Location, Location"

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Location: Queens, N.Y.
Price: $2,995,000
The Skinny: When this elaborate stone estate home was built in 1855, it sat atop 440 bucolic acres of summertime bliss. Today, it sits on a single acre next to a power station and a waste treatment plant. While time has had its effects on this section of Queens, the Steinway Mansion seems like an oasis of historic preservation in an otherwise overtly industrial section of the neighborhood. Owned by the illustrious Steinway family from 1870 to 1925, the house has been in the hands of a different family for almost 100 years. Once listed for $4.5M, the house has had its price chopped all the way down to $3M, but still hasn't found a willing buyer, despite boasting five bedrooms, 4.5 baths, and more ornate detailing than one is likely to ever find again in Queens.
· Steinway Mansion [Sotheby's]
· Astoria's Steinway Mansion Would Now Be Happy With $3.5M [Curbed NY]