New York Falls Mansion Relisted for $24 Million – Robb Report


The Manhattan townhouse and its accompanying art gallery have been on and off the market for the better part of a decade, most recently selling for $34 million. But you’ll still need a lot of cash to get the keys to the delightful five-story building, which is now listed for $24 million.

Just blocks from Central Park, the building was originally built in 1899 as the home and studio of textile designers DD and Leslie Tillett. Boutique real estate investor Kate Shin purchased the site for $8.5 million in January 2008, then spent the next four years working with Japanese architect Toshiko Mori to transform the former carriage house The room was extensively renovated to transform it into a residence located atop the gallery.

Known as the Waterfall Tower, the towering structure features a 23-foot-tall indoor water feature that cascades into a ground-level reflecting pool surrounded by sculptures. Visitors enter through a black stainless steel entrance door with a leaf pattern and enter the gallery, which not only hosts exhibitions by contemporary and international artists, but also industry events for brands such as Rolls-Royce, Gucci and Fendi.

The home is named after a 23-foot waterfall that cascades into a reflecting pool located in the ground-level gallery.

Rich Kaplan

As for the living areas above, the six bedrooms and seven bathrooms span nearly 11,000 square feet and feature quarter-sawn maple floors paired with marble, black slate, limestone and glass tile finishes. Notable amenities include an elevator to each floor, professional lighting, a central 50-foot light well, and more than 40 custom-made windows and skylights in Germany.

Other highlights include a spacious living room, a dining room overlooking a waterfall through a floor-to-ceiling glass wall, and a kitchen equipped with Asko and Thermador appliances. Around the corner is a wet bar with wine cooler, walk-in pantry and powder room. Elsewhere is a full-floor master retreat with separate den, bathroom with dual vanities and soaking tub, and access to a patio heated by a fire pit.

Even better: the basement features a 1,000-bottle wine cellar, spa and cedar-lined sauna, gym and massage room, and a landscaped roof deck with picturesque skyline views.

The publicly traded company is owned by Bianca D’Alessio and JB Andreassi of Nest Seekers International.

Click here to see more photos of the Waterfall Tower.

Rich Kaplan

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