Nobody wants to buy this $79.5 million Upper East Side mansion that costs $240,000 a year in taxes

The supersized New York City townhouse has a gym and spa, and a rooftop terrace, but it also carries a giant property tax bill of over $20,000 a month.

It was originally listed for $84.5 million almost two years ago.  (Courtesy of Douglas Elliman)

A restored Manhattan townhouse less than one block from Central Park is for sale for $79.5 million.

The Upper East Side mansion boasts 14,700 square feet of living space, equal parts whimsy and luxury, and includes a rooftop terrace and basement level gym and spa.

Owner Keith Rubenstein, a New York City real-estate developer, originally listed the property in early 2016 for $84.5 million after years of extensive renovation. Douglas Elliman now holds the listing.

Keep scrolling for a look inside the amenity-filled home:

Originally built in 1903, the home was fully restored and updated by real-estate developer Keith Rubenstein and his wife Inga. The mansion is over the top, inside and out. According to the listing, the annual property tax bill is over $240,000.

Originally built in 1903, the home was fully restored and updated by real-estate developer Keith Rubenstein and his wife Inga. The mansion is over the top, inside and out. According to the listing, the annual property tax bill is over $240,000.  (Courtesy of Douglas Elliman)

The home boasts six bedrooms and nine bathrooms spread out over 14,700 square feet. All six levels are connected by elevator, including the 2,500 square-foot rooftop deck.

The home boasts six bedrooms and nine bathrooms spread out over 14,700 square feet. All six levels are connected by elevator, including the 2,500 square-foot rooftop deck.  (Courtesy of Douglas Elliman)

As you move throughout the home, the grandeur doesn't fade. Both formal and informal living rooms complete with 17-foot high ceilings and chandeliers offer plenty of space for entertaining and lounging.

As you move throughout the home, the grandeur doesn't fade. Both formal and informal living rooms complete with 17-foot high ceilings and chandeliers offer plenty of space for entertaining and lounging.  (Courtesy of Douglas Elliman)

The spacious first-floor kitchen has sleek white cabinetry and countertops made with Carrara marble. There's also a separate kitchenette and butler's pantry on the second floor.

The spacious first-floor kitchen has sleek white cabinetry and countertops made with Carrara marble. There's also a separate kitchenette and butler's pantry on the second floor.  (Courtesy of Douglas Elliman)

A second floor dining room with a marble fireplace and walls lined with art seats 14.

A second floor dining room with a marble fireplace and walls lined with art seats 14.  (Courtesy of Douglas Elliman)

A spacious and modern master suite occupies the third floor. The master dressing room has glass shelves, a lighted handbag display, and a temperature controlled vault for furs.

A spacious and modern master suite occupies the third floor. The master dressing room has glass shelves, a lighted handbag display, and a temperature controlled vault for furs.  (Courtesy of Douglas Elliman)

Attached is a decadent and mirror-lined master bathroom with a marble-framed fireplace.

Attached is a decadent and mirror-lined master bathroom with a marble-framed fireplace.  (Courtesy of Douglas Elliman)

Opposite the master suite is a custom built wood-paneled library and ventilated smoking room.

Opposite the master suite is a custom built wood-paneled library and ventilated smoking room.  (Courtesy of Douglas Elliman)

There's plenty of light steaming into the fifth-floor media room, complete with a pool table and wet bar.

There's plenty of light steaming into the fifth-floor media room, complete with a pool table and wet bar.  (Courtesy of Douglas Elliman)

And a basement level gym, pool, sauna, and massage room ensure you never have to leave the comforts of home.

And a basement level gym, pool, sauna, and massage room ensure you never have to leave the comforts of home.  (Courtesy of Douglas Elliman)


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Nobody wants to buy this $79.5 million Upper East Side mansion that costs $240,000 a year in taxes Nobody wants to buy this $79.5 million Upper East Side mansion that costs $240,000 a year in taxes
Reviewed by G4F Entertainment on December 28, 2017 Rating: 5

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