New York City, NY, USA

Manhattan Castle Finally Sells for $17.5 Million

The turreted mansion at 249 Central Park West was originally listed for $30 million.

Photo by: Zillow The mansion at 249 Central Park West recently sold for $17.5 million. The fixer-upper abounds in original details like wood-paneled walls and stained-glass windows.

If you've spent any time on Central Park West, you probably know the castle that takes up the corner at 85th Street. It's one of the few private homes along Central Park West (the rest are apartment buildings). And if castle sounds like hyperbole, rest assured it's not. This Queen Anne-style mansion is 10,000 square feet and actually has turrets. The builder, William Noble, commissioned it in 1887 to compete with the majestic mansions that lined Fifth Avenue (it cost a whopping $37,000 to build, which was a handsome sum back then).

After sitting on the market for nearly two years, 249 Central Park West has finally sold for $17.5 million, according to city records filed last week. As grand as it sounds, the home is a fixer-upper — probably one of the reasons it sat around for so long. The other reason is the sticker price: It was first listed in September 2011 for $30 million after the previous owner — identified in city records as Nathan Low, presumably the Nathan Low who founded Sunrise Securities Corp. — bought it in 2007 for $14.4 million. Over time it was reduced to $25 million, then $19.9 million, and eventually $17.5 million.

The new owner, listed in city records as 249 Central Park West LLC, has some major work ahead: Three of the five floors have been renovated while the top two floors have been gutted. With bones like this, though, we're eager to see what the future holds for this tarnished gem. The home abounds in stained-glass windows, wood-paneled walls, coffered ceilings, bay windows, gables, fireplaces and mahogany mantels, not to mention park views.

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