The saga to sell the Woolworth Mansion is finally coming to an end.
The townhouse at 4 East 80th, last asking just under $50 million, finally found a buyer, according to a Streeteasy listing. The pending deal comes roughly 14 years after the owners, the family of the late gym mogul Lucille Roberts, first sought to offload the home.
The 20,000-square-foot property’s latest stint on the market began last November, when the Roberts family listed it for $59 million. They dropped the asking price by $10 million in March and started searching for a tenant five months later, asking $125,000 a month for the furnished home.
The family initially listed the mansion — built in 1915 for Helena Woolworth McCann, daughter of “Five-and-Dime” store magnate, Frank Woolworth — in 2011 for a whopping $90 million. They pulled the 35-foot-wide townhouse off the market two years later without a deal, and instead found a tenant in 2021 with a monthly rent of $80,000.
Roberts and her husband, commercial real estate investor Bob Roberts, paid the Young Men’s Philanthropic League $6 million for the home in 1995 and renovated it. Roberts, who founded a chain of all-women gyms, died in 2003.
The seven-story mansion, decorated in the French Gothic style, has nine bedrooms, seven bathrooms and an elevator. It also features a wood-panneled library, patio, solarium and rooftop terrace. The sixth floor is currently outfitted with a gym and sauna.
The Modlin Group’s Adam Modlin, who’s representing the sellers, declined to comment on the pending transaction.
The signed contract comes after a deal for another Upper East Side townhouse hit the books last week. A Gilded Age mansion at 10 East 67th Street sold for $36 million, a 30 percent discount from its initial asking price of $50 million. The home, known as the Jules Bach Mansion, was the site of a fire, which killed socialite Kitty Meyer and her friend, actress Zohra Lahrizi Zondler, in 1997.
The Woolworth Mansion, originally designed by Charles P.H. Gilbert, is the most expensive townhouse to enter contract since another at 973 Fifth Avenue snagged a buyer in February. At the time the contract was signed, the home was asking $50 million, down $30 million from its price when it hit the market in 2021. It closed for $46 million in May.
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Woolworth Mansion asking price drops to $50M
Woolworth Mansion pivots to rental, asks $125k a month
Gilded Age mansion trades for steep discount
