T
his stunning Gilded Age townhome has just received a significant price cut, now listed at $16 million after a $3.5 million reduction.

    Located off Central Park, the 10,300-square-foot residence boasts an impressive history, having been owned by Italy's former UN ambassador and fashion icons Calvin Klein and the Gucci family. The property was initially listed in March but has since been entrusted to George Vanderploeg and Stuart Brannan of Douglas Elliman.

    The brick and limestone neo-Georgian townhome, built in 1902, spans six levels with a depth of 77 feet. Its Gilded Age charm remains intact, featuring 13-foot ceilings, ornate fireplaces, and a grand staircase. The entrance hall leads to a large living room and dining room that can seat 16 guests.

    The property's upper floors include a wood-paneled library with one of the home's eight wood-burning fireplaces and a primary bedroom with two large dressing rooms. The basement features six bedrooms, including two staff rooms, while the fifth-floor penthouse suite offers access to a 1,600-square-foot rooftop.

    Vanderploeg notes that the current owners made minimal changes, but did update the three kitchens to accommodate large parties. The Italian government purchased the property in 1991 from Calvin Klein, who had acquired it just three years prior.