House of Cassini: See the Gilded Age mansion about to sell for just $34.5 million after years of bankruptcy turmoil

"Built steps from Fifth Avenue's "Millionaire's Row" as a stockbroker's statement mansion in 1901, the stately limestone home was subdivided into apartments throughout the '60s and '70s. And before his death in 2006, Cassini sketched wardrobes for longtime client Jacqueline Kennedy Onassis by the light of a towering window spanning the six-story home's two topmost floors."

"A federal bankruptcy judge is set to sign off Wednesday on the mystery buyer's winning bid, approving a price tag for the 18,000-square-foot Manhattan townhouse that's nearly half the original asking price of two years ago. The bankruptcy - in which two octogenarian sisters, one of them Cassini's widow, were forcibly removed from the home by federal Marshals - caps a history of transformation."

An 18,000-square-foot Manhattan townhouse located near Fifth Avenue's Millionaire's Row sold for $34.5 million, nearly half its original asking price from two years prior. Built in 1901 as a stockbroker's statement mansion, the property was subdivided into apartments during the 1960s and 1970s. Fashion designer Oleg Cassini used the home as his atelier, creating wardrobes for Jacqueline Kennedy Onassis by a towering window spanning the top two floors. The bankruptcy proceedings involved two octogenarian sisters, including Cassini's widow, who were forcibly removed by federal Marshals. A federal bankruptcy judge approved the mystery buyer's winning bid, with the new owner expected to move in as early as the following month.

Read at Business Insider