Howard Morrel and Leslie Hirsch (Morrel Hirsch & Advisors) of Compass announce that the world-renowned Waterfall Mansion located at 170 E 80th Street is for sale for $34 million. The incredible townhouse and former carriage house obtains its name from its towering 23-foot indoor waterfall. The one-of-a-kind property is currently configured as a mixed-use space with an elaborate art gallery spanning several floors. It also boosts rooms currently used for events with living space for artists in residence on the upper floors. The versatile property offers a world of possibilities for foundations, families, art lovers and more.
The luxurious property perfectly incorporates flexible-use floor plans to host one-of-a-kind experiences.Throughout the years, the Waterfall Mansion has hosted events for recognizable organizations and brands including Christie’s Auctions, Gucci, Rolls Royce, SONY, FENDI, and the United Nations.
The Waterfall Mansion was perfectly designed to showcase creativity and luxury. The five story home includes a professional grade kitchen, sprawling terrace, and rooftop with a skyline view. Each floor was carefully designed to highlight the prolific art featured throughout the property. In the heart of the home, an indoor waterfall stands 23 feet tall.
The owner and founder, Kate Shin, added this feature as a personal note symbolizing each of her childhood homes in Korea that featured a waterfall. Kate Shin is a Korean immigrant who was destined for success. She is known for her incredible taste and business acumen and has worked in private equity real estate. While working at Angelo Gordon & Co, Kate earned herself the nickname “The Bomb” for executing business deals worth billions including the Chelsea Market project.
The townhouse hosts endless opportunities due to its unique residential and commercial zoning. Car enthusiasts, non-profit owners, and art collectors are just some of the clientele that will flock to this residence.
Howard Morrel and Leslie Hirsch are no strangers to selling and marketing unique homes. They represented the Richard Avedon Foundation in its purchase of a carriage house, 451 W 54th Street, that was similarly configured for private events and corporate functions. Other notable deals include selling 101 E 63rd Street, also known as the Halston House, to Tom Ford, representing the seller.
