Manhattan’s largest home has entered contract

After nearly a year on the market and a dramatic series of price reductions, the Woolworth Mansion on East 80th Street — Manhattan’s largest private residence— has entered into contract, The Post has learned.

Records show the property entered contract on Oct. 27. The final sale price and the identity of the new owner have not yet been disclosed. 

The 20,000-square-foot limestone mansion, designed in 1915 by C.P.H. Gilbert for retail magnate Frank Woolworth’s daughter Helena, was most recently offered at $49.95 million. 

That figure represented a deep discount from its $59 million asking price when it resurfaced last November — and a far cry from the eye-popping $90 million sought in 2012, when it briefly held the title of New York’s most expensive townhouse.

“The best value” for a property of its size, broker Adam Modlin of the Modlin Group, who represents the sale, previously told The Post.

At roughly $2,500 a square foot, the property’s scale and pedigree have few peers in the city’s townhouse market.

Originally part of a family enclave of three adjacent homes built for Woolworth’s daughters, the Upper East Side residence stands 35 feet wide and includes nine bedrooms, 11 bathrooms, three kitchens and a host of period flourishes. This includes mosaic tilework and stained glass to a grand dining room fit for a banquet. 

Amenities include a gym, a sauna, a library and a glass-enclosed solarium.

The home has belonged to the family of the late fitness entrepreneur Lucille Roberts since 1995, when she and her husband, real-estate investor Bob Roberts, purchased it from the Young Men’s Philanthropic League for $6 million. 

The couple spent years restoring the property before Lucille’s death in 2003. Their son, Kevin Roberts, later told the Wall Street Journal that he lived there with his father until 2016.

Following decades of family ownership, the mansion briefly hit the rental market in 2021 at $80,000 per month and was even listed for a summer lease at $125,000. 

Its reemergence for sale last year came amid renewed appetite for prewar trophy homes on the Upper East Side, following several record townhouse transactions.