# One of NYC’s final Gilded Age buildings sells for $42M — but is set for heartbreaking demolition

- URL: https://talkfuse.com/story/one-of-nycs-final-gilded-age-buildings-sells-for-42m-but-is-set-for-heartbreaking-demolition/
- Published: 2026-11-04T20:59:50+00:00
- Updated: 2026-11-04T21:36:55+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/04/real-estate/one-of-nycs-final-gilded-age-buildings-sells-for-42m/
- Topics: World

## Key points

- Sedesco bought the mansion for $42 million.
- Demolition has city approval, but no date.
- Preservation advocates want its façade retained.

## Summary

The Schieffelin-Bowne House, one of the last Gilded Age mansions on West 57th Street in Manhattan, has sold for $42 million to developer Sedesco. The purchase completes most of the land assembly for a luxury skyscraper project, putting the 1891 mansion’s future in doubt and raising concerns among preservation advocates.

Built as a wedding gift for a Vanderbilt descendant and her husband, the five-storey Beaux-Arts residence later belonged to businessman Samuel W. Bowne and his family. The city has approved demolition plans, though no date has been set; advocates are urging Sedesco to retain the historic façade. Earlier plans for nearby land proposed a 1,100-foot, 63-storey tower with 119 condominiums and a 158-room hotel, while reported purchases for the wider site now total nearly $290 million.

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.