PRICE REDUCED TO $18,500,000. MOTIVATED SELLER. THE BARCLAY MANSION 5 EAST 78th STREET The fabled gilded age of New York is perfectly exemplified by this Beaux-Arts mansion at 5 EAST 78th STREET. This prestigious property is available for sale for the first time in sixty years, having been owned by the same family since 1945. It is a unique opportunity to create an imposing residence in this prestigious location. 5 EAST 78th STREET was originally built for the socially important Mr. and Mrs. Reginald G. Barclay in 1902-04. The architect was C.P.H. Gilbert who was renowned for designing fashionable Beaux-Arts townhouses. He was known for his historic architectural facades of which this property is a classic example. Other notable works of C.P.H. Gilbert include the neighboring Fletcher mansion at 79th and Fifth Avenue, as well as the Otto Khan mansion at 1 East 91st Street, and the Warburg mansion at 92nd and Fifth. The building comprises approximately 13,000SF arranged over six stories, plus a full basement. Throughout the building there are high ceilings and grand scale rooms with nine fireplaces. The accommodations offer great flexibility with potential for 7 bedrooms, superb entertaining space, extensive domestic quarters and a roof terrace. The new owners of 5 East 78th Street have the opportunity to recreate the interior with every engineering and luxury appointment expected. 5 East 78th Street will remain an imposing East side residence for the next hundred years. Delivered vacant.Open House: 05/14/2009 11:00 - 12:30
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