The Mnuchins Finally Say Farewell to a Limestone…At a Loss

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Perhaps Robert Mnuchin wanted to give a toast to say goodbye to the limestone. (Billy Farrell/Patrick McMullan)

Perhaps Robert Mnuchin wanted to give a toast to say goodbye to the limestone. (Billy Farrell/Patrick McMullan)

After having remarkable success as a finance guy, then subsequently in the art world, it must have seemed a natural progression to dabble in a little real estate (which is, after all, a perfect marriage of numbers and aesthetics). Sadly, such attempts don’t always work out for the best.

After an entity titled Nuke Properties LLC bought a gorgeous five-bedroom, 5.5-bath limestone in 2011 for $14.25 million, the owners were revealed to be Robert Mnuchin, former Goldman Sachs exec turned art dealer, and his wife, Adriana—though there was the chance it might have been their daughter, lawyer and socialite Valerie Mnuchin Rozen, who was listed as the attorney, but a Mnuchin, nonetheless.

And the limestone at 14 East 95th Street really is quite the beauty—it had just undergone a massive renovation, and also boasted multiple fireplaces, heated front steps, sidewalks and backyard, 12-foot ceilings, and two terraces spread out over five floors, all of which can be accessed by an elevator.

Farewell, limestone beauty. (Douglas Elliman)

Farewell, limestone beauty. (Douglas Elliman)

The Mnuchins appear to have had high hopes when they listed the five-story townhome for $17 million just three years later in 2014, but sadly, their dreams were quashed—the ask dropped first to $15.4 million, then $14.8 million, before they finally prostrated themselves to the market with a $13.9 million ask—a loss—via Douglas Elliman brokers Joan Swift, Vanessa Kitchen and Barton Brooks last year. At least the price cut did manage to snag an interested party, and the five-bedroom, 5.5-bath limestone went into contract.

But lest it seems the Mnuchin clan was too hasty to cut a deal, the limestone beauty ultimately traded for even less—is there a curse?—Alastair and Alisa Wood paid a mere $13 million to become the proud new owners of the 5,850-square-foot Carnegie Hill home.

Don’t feel too bad for the Mnuchins, though–they still own another beautiful Upper East Side townhouse at 45 East 78th Street, out of which they operate the Mnuchin Gallery.

The Mnuchins Finally Say Farewell to a Limestone…At a Loss