Manhattan Mansion Sells for $14 Million

A rare, free-standing mansion in Manhattan near Columbia University has sold for $14 million -- $500,000 above its asking price, Alyssa Abkowitz reports on today's WallStreetJournal.com.

The 12,000-square-foot marble townhouse has 12 bedroooms and 14 bathrooms.  It was built in 1909 for Turkish tobacco baron Morris Schinasi.  The listing broker said the house has a lot of character but "needs a lot of work."

It came on the market for $31 million in 2006.  It was reduced to $30 million in 2007.  In 2009, the price was lowered to $24.5 million.  In 2011, it was reduced to $20 million, then later in the year to $15 million.  This year, the price was cut to $13.5 million.

For more on this story as well as new property istings by "Dexter" Star Michael Hall and Figure Skater Oksana Baiul:  http://www.trulia.com/blog/ken_allen/2013/09/the_allen_report_manhattan_mansion_sells_for_14_million