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A former Vanderbilt mansion on the Upper East Side being sold as an 'empty white box' just got its price cut by $17 million

Jun 10, 2015, 02:07 IST

A former Vanderbilt mansion in Manhattan's Upper East Side neighborhood has just had its price chopped to $42 million from $59 million, according to Curbed.

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The white edifice once belonged to the Vanderbilt family - and subsequently to heiress Gloria Vanderbilt

Built as a one-family, five-story mansion way back in 1881, the building was later subdivided into five separate rental units.

The property was purchased last year for $19 million by a pair of developers. It's been turned back into a single-family mansion - and given a few additional floors, for a total of seven.

It now sits as an "empty white box," waiting for a buyer to "create a custom masterpiece, selecting all appliances and finishes to perfectly suit their taste, to be installed at cost," according to the listing, as noted by Curbed.

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Gloria Vanderbilt, however, likely hasn't lived in the home since she was a child. Many of the home's original touches from its Gilded Age construction have been covered up or removed, but the Vanderbilt influence is still visible in the gigantic "V" carved into the stone of the main parlor's fireplace.

NOW WATCH: Take a fly-over tour of the $110 million Hamptons mansion that's at the center of a huge lawsuit

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