Woolworth Mansion Up For Rent, Just $150,000 A Month
The Woolworth Mansion in New York City, a nearly 100-year-old home designed by famed architect Charles Henry Pierpont Gilbert, can now be yours for just $150,000.
A month, that is.
The famous Manhattan mansion is now on the rental market for the monthly cost equivalent to the average homeowner’s entire mortgage, Yahoo! News reported. And the minimum lease for the listing is two years, so buyers need to be ready to commit to the home.
The Woolworth Mansion was part of a trio of townhouses commissioned by retail magnate Frank Woolworth for his daughters. The one for rent is in the center and 40 percent wider than the others.
The mansion features a room configured as a gymnasium, seven floors, and 20,000 square feet in total. As the New York Daily News points out, nearly every feature in the mansion screams opulence:
“The 35-foot-wide townhouse has a 50-seat dining room attached to a solarium. The master suite has two sitting rooms and two full baths. A wood-paneled library, wet bar, and powder room make up the third floor. Almost every detail in the house is intact.”
It had previously been on the market for $90 million but failed to attract a buyer. The mansion’s current owner, the estate of exercise maven Lucille Roberts, then decided to rent the property rather than sell.
As Yahoo! News points out, the monthly rental price makes the rental price a relative bargain — buying the Woolworth Mansion at its listing price would have created a monthly mortgage payment of more than $420,000.
If you’re interested in renting the Woolworth Mansion or just want to catch a glimpse of how the other 1 percent lives, check out the photo slideshow on Yahoo! Homes.