NYC’s Most Expensive House

I don’t know which is more remarkable: the price tag or the appreciation.

The 18,500-square-foot, 103-year-old Henry T. Sloane Mansion at 18 East 68th Street just went on sale for $64 million, the most expensive officially listed house ever in New York. I thought that rocker, Lenny Kravitz, had set the unbeatable bar a couple of years ago when he paid a reported $40 million for the Duke-Semans mansion on Fifth Avenue. But since then there have been several townhouse sales in the $50 mil range. Not surprisingly, many of them are owned by weasels financiers, probably paid for by fat Christmas bonuses.

Since none of us will probably ever set foot in a house this expensive, let’s take a virtual tour of this joint.

The outside is nice. Okay, it’s a mansion. Maybe it’s not the largest or most impressive crib in the neighborhood but, hey? No garage? Where do you store the garbage cans? And for $64 mil I want a second floor deck overlooking the peasants so I can pose like Mussolini. Something maintenance-free, maybe Trex. A few potted plants. Some string lights. Yeah.

The limestone could use a good cleaning. For this scratch, don’t you think the sellers could invest in a little curb appeal?

The entryway is impressive. I can see coming home from Abercrombie & Fitch to a roaring fire in that hearth.

But that marble floor… so Home Depot. For $64 mil I want a big compass rose or a coat of arms medallion or something.

This must have been the sitting room. Or maybe the ballroom. It would make a great media room, but where do you put the big screen TV?

Now, THIS is nice. Very homey, beautiful woodwork, another firepla… wait! Is that a window air conditioner?? For this cheese, the place doesn’t have central air?!

No wonder I can’t find any pictures of the kitchen. I bet there’s not even a Subzero in there.

That’s what $64 million buys you in New York City, folks. Or at least it does in 2008. Funny thing is, Sloan Mansion sold in 2003 for “just” $7.6 million. That’s right. It appreciated by $56 million in just five years. Actually, it sold for $20 million just last year. Do the math on that!

When they talk about the disappearing middle class and how we’re becoming a nation of poor working class slobs and the obscenely rich, this place proves the point.


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Welcome to Brooklyn Row House

This blog is about the challenges of renovating an old (1903) Brooklyn, New York row house.

My last major renovation project was the master bedroom, most of which is about finish carpentry. You’ll find other completed home improvement projects in the Projects submenu at the top of this page.

I’m not a professional builder and don’t pretend to be. I’m just an experienced amateur raised in a family of committed DIYers. I try to closely follow local and national building codes but don’t mistake anything on this site to be professional or even accurate advice! Your mileage may and definitely will vary.

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