David Duncan knows how to light up a room. Now the lighting and antiques guru has cut the price of his townhouse at 247 E. 60th St. to $6.8 million — down from its $8.5 million asking price in July of 2019.
The four-story, 4,808-square-foot townhouse is in the heart of the Upper East Side’s design district, which lines 60th Street between Second and Third avenues.
“This neighborhood has been the design center of New York for decades and this block has long been home to antiques dealers,” he told the New York Times in 2014.
The Minnesota native told the Times he was very “pragmatic” and sold his Park Avenue apartment and Connecticut weekend home to afford the 60th Street townhouse, which he bought for $3.56 million in 2004 and then renovated to accommodate his showroom and own home.
At the time, he reasoned, the only way to run a sustainable business was to own the building it’s in.
The property, built in 1870, currently houses the showroom for David Duncan Lighting on the first two floors.
Above the shop, on the third floor, is his one-bedroom residence, which features a 1,000-square-foot outdoor deck.
There is also a fourth story with another full-floor apartment. The mixed-use building features decorative fireplaces, 11- to 12-foot ceilings, an elevator and 15,000 square feet of unused development rights to add a fifth floor and create a duplex or triplex.
The listing broker is Matthew Trotter, of B6 Real Estate Advisors.