The Steinway Mansion Sold for $2.6 Million

Yesterday reports emerged that the Steinway Mansion officially sold. Today the Times Ledger reports that the final selling price was $2,600,000. (The asking price was $1,900,000 last summer.) The landmarked home, built in 1858 and purchased in 1870 by William Steinway, sold to a private buyer, who remains unknown. The Friends of Steinway Mansion organization had attempted to raise $5,000,000 to buy the property, restore it and turn it into a museum.

The seller is part of the family who has lived in the Steinway Mansion since 1927. As he told the Ledger, “It’s been a very difficult time for me and my family, but yes, there is a buyer. We wanted to sell it to the city for the longest time, but we just had to move on.” UPDATE: The Daily News reported that the owners “pledged to preserve the landmarked house but may eye part of its sprawling grounds for development.” The mansion sits on a one-acre lot.

Steinway Mansion Sold for $2.6 Million [Times Ledger]
All Steinway Mansion coverage [Q’Stoner]