A stunning 17,600-square-foot Manhattan townhouse, once the cherished residence of former Treasury Secretary Steven Mnuchin’s family, has hit the market with a jaw-dropping price tag of $35 million. This remarkable listing, reported by The Wall Street Journal, is situated at 45 E. 78th St., a location steeped in both personal and artistic history.
Originally acquired by Robert Mnuchin, Steven’s late father and a distinguished art dealer who passed away in 2025, the property was purchased in 1983, although the exact price remains undisclosed. Robert and his second wife, Adriana, called this opulent townhouse home for approximately 12 years. During their time there, the couple expanded their impressive art collection, which included significant works from renowned artists like Mark Rothko. As the collection grew, it became necessary to find a more spacious setting; thus, Robert converted part of their residence into what became known as the Mnuchin Gallery.
The townhouse itself is a masterpiece of design and functionality, boasting a width of over 33 feet and spanning six stories. It features nine generously sized bedrooms, each designed to blend comfort with elegance. A sculptural staircase serves not only as a functional element but also as a striking focal point that connects the various levels of the home.
One of the standout features of the property is its array of arched windows, which flood the interiors with natural light, creating an inviting atmosphere. The gracious entry gallery welcomes visitors, setting the tone for the luxurious lifestyle that the space promises. The parlor level comprises two formal entertaining spaces, each equipped with a fireplace, making it ideal for hosting gatherings or intimate soirées.
Crowning the townhouse is a magnificent 1,335-square-foot roof terrace, offering panoramic views of the surrounding cityscape. This outdoor space is perfect for both relaxation and entertaining, adding to the allure of this exceptional property.
Interestingly, the family undertook a year-and-a-half renovation before moving in, showcasing their commitment to creating a home that would reflect their artistic sensibilities. However, as the Mnuchin Gallery continued to expand in the mid-1990s, the family found themselves needing to adapt once again. Valerie Mnuchin, the couple’s daughter, shared insight into this transition, stating, “My mom got tired of living over the shop,” highlighting the practical challenges of living adjacent to a bustling art gallery.
This townhouse represents more than just a property on the market; it embodies a rich family history intertwined with the vibrant art scene of New York City. As it seeks a new owner, it offers a unique opportunity for someone to not only invest in real estate but also to step into a legacy defined by culture, creativity, and refinement. Whether one is an art aficionado or simply in search of a luxurious urban sanctuary, this townhouse presents an unparalleled chance to own a piece of Manhattan’s storied landscape.
Reviewed by: News Desk
Edited with AI assistance + Human research
