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Stately NYC Townhouse Rooted Firmly in the Past Asks $48M

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The Queen Sofía Spanish Institute is selling the historic New York City townhouse it calls home. The cultural center is looking to nab $48M for the 11,000-square-foot neo-Federal mansion, adding itself to the long list of nonprofits cashing in on their Manhattan HQs.

According to the New York Times, the 1926 townhouse was designed by prominent turn-of-the-century architecture firm McKim, Mead & White as a private mansion. In 1965, philanthropist Margaret Rockefeller Strong bought the structure and several historic neighbors to save them from being replaced with apartment buildings, later donating this one to the nonprofit. "In essence," writes the Times, "she saved the block from modernization."

The beautiful historically landmarked six-story building has high ceilings, ornate plaster molding, and an enormous "grand parlor" with floor-to-ceiling windows. Check it out below:

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· The Flavor of Spain [NYT via Curbed NY]
· 684 Park Avenue [BHS]