REAL ESTATE

Wilpon Family Lists Historic Chelsea Townhouse for $25M

Fred Wilpon and Scott Wilpon (inset) with 334 West 20th Street (Getty, Compass)

After a two-year makeover, the Wilpon family’s historic Chelsea mansion is ready to go.

The family, led by real estate developer Fred Wilpon, listed its 19th-century Manhattan townhouse at 334 West 20th Street for $25 million, the Wall Street Journal reported.

The 25-foot-wide home was recently renovated by Scott Wilpon, the nephew of family patriarch Fred Wilpon, according to the publication. His changes included restoring the building’s Greek Revival facade.

The 7,058-square-foot, five-story house has five bedrooms, a rooftop deck and a mud room with built-in dog washing facilities. There’s also a back garden, screening room, wine cellar and gym.

French doors and window shutters that couldn’t be salvaged during the renovations were recreated, according to the report.

The renovations were done about four months ago, but the family delayed listing until spring in hopes that the home would sell faster. Just last month, the Manhattan luxury market saw the largest number of contracts signed for properties asking $4 million or more since 2019.

Fred Wilpon co-founded the development firm Sterling Equities, but is best known for owning the New York Mets for several decades. Last year, he struck a deal with hedge funder Steve Cohen, who acquired the team for between $2.4 and $2.5 billion.

[WSJ] — Cordilia James

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