Written by Tom Soter on July 31, 2013
By all accounts, the original Schwab House was a beauty to behold. An extravagant, 75-room mansion located on Riverside Drive between West 73rd and West 74th Streets, it was constructed for steel magnate Charles M. Schwab and has been called “the grandest and most ambitious house ever built on the island of Manhattan.” It combined details from three French Renaissance châteaux and took four years to build at a cost of $6 million. After Schwab’s death, however, the building fell on hard times. It was demolished and replaced in 1951 by a 17-story, 633-unit building that was also called the Schwab House. It went co-op in 1984.
Now, in a small way, some of its predecessor’s grandeur may be returning to the property.
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Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.