A Google Earth image of the property
News of President Obama imposing sanctions against the two Russian intelligence agencies that were allegedly involved in the DNC hacking that affected the 2016 presidential election is perhaps the biggest news in the world right now, but it hits a lot closer to home than many New Yorkers may realize. The administration expelled 35 intelligence officials from the country and ordered two intelligence compounds closed, one of which is a 49-room mansion on a 14-acre property in Glen Cove on Long Island’s ritzy Gold Coast (h/t Gothamist). NBC New York reports that, although the Soviet Union purchased it in 1951 to be used as weekend home for its UN delegates, many locals were never aware of its existence as a “longtime getaway for Russian diplomats” that was “also used for Russian intelligence purposes.”
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Old Westbury Gardens, a Gold Coast mansion also known as “the Gatsby House”, © Old Westbury Gardens
In recent years, the Manhattan real estate scene has had a major upswing in the amount of wealthy buyers from China, who feel that New York City condos and other properties are a safe place for their money. In fact, high-profile real estate firms are even tapping Chinese brokers to cater to this growing clientele. But now the trend is moving east, with Chinese buyers eyeing the stately mansions that make up the Gold Coast suburbs of Long Island. According to the Times, “Some Chinese buyers are parking money in what they see as a low-risk investment. Others are seeking a trophy home. Still others are intent on living in these places full time while their children attend the area’s high-performing schools.”
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Mrs. Astor’s House on 65th Street and Fifth Avenue. Image via Library of Congress
Last week, we walked you through the many mansions, predominately lost, along Millionaire’s Row on Fifth Avenue up to 59th Street. Most of this stretch has been converted into upscale luxury retail and corporate skyscrapers, but Millionaire’s Row continued northwards along Central Park, which opened in 1857. Though some have been lost, a significant number of these opulent Gilded Age mansions still stand within this more residential zone. The AIA Guide to New York City calls this area of Fifth Avenue from 59th Street to 78th Street the “Gold Coast,” and rightly so.
Find out more about these incredible mansions here
It turns out you don’t have to be an A-lister to live like a star in Greenwich Village… not if you have an extra $8,995 a month lying around. This garden apartment at 19 West 10th Street is prepared for even the pickiest renter, offering original details with modern updates and a flexible layout that can be rearranged to accommodate up to three bedrooms. So, you can put away your list of demands while we take a look at this Gold Coast pad.
Take a look inside this A-list apartment here
Simpsons star Hank Azaria just bought a piece of Gold Coast property overlooking Central Park. After selling his Soho apartment last year, Azaria has found a new love, in the form of a $9.2 million apartment in a pre-war, Neo-Renaissance building designed by architect Rosario Candela at 75 Central Park West.
If it’s at all possible to have Central Park over for lunch, this 3BD/4.5 BA apartment makes it practically customary with oversized windows that make views of the picturesque landmark accessible from the kitchen – along with several other rooms. The stunning space also features large rooms with hardwood floors, beamed ceilings and gorgeous decorative moldings.
Take a peek inside the Gold Coast beauty here