{"id":222605,"date":"2014-10-07T21:16:51","date_gmt":"2014-10-08T01:16:51","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=222605"},"modified":"2014-10-09T13:25:07","modified_gmt":"2014-10-09T17:25:07","slug":"spanish-institute-sell-landmark-mansion-48-million","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/spanish-institute-sell-landmark-mansion-48-million\/","title":{"rendered":"New York\u2019s Queen Sof\u00eda Spanish Institute Hopes to Sell its Historic Headquarters for $48 Million"},"content":{"rendered":"

New York\u2019s nonprofit Queen Sof\u00eda Spanish Institute<\/a> is cashing in on equity\u2014and good timing\u2014to sell its historic Park Avenue headquarters for $48 million.\u00a0That\u2019s \u201cmucho dinero\u201d in any language, but if the recent run on nonprofit Manhattan headquarters is an indicator, the home will attract many well-financed suitors.<\/p>\n

\"Queen<\/a>
Queen Sophia Spanish Institute’s neo-Federal style architecture.<\/figcaption><\/figure>\n

The Queen Sofia<\/a>\u00a0Spanish Institute has called the six-story townhouse at 684 Park Avenue its home since 1965, after philanthropist Mary Rockefeller Strong<\/strong> purchased the property (as well as several neighboring homes) and subsequently donated it to the organization. The institute was founded in 1954 to promote the Spanish language and Spain\u2019s culture (designer Oscar de la Renta<\/strong> is currently its chairman). Originally called the Oliver D. Filley House, the building was erected as a private mansion in 1926 by prominent architectural firm McKim, Mead & White, according to The New York Times<\/em>.<\/p>\n

\"The<\/a>
Interiors feature ornate plaster moldings, oversized windows, lavish mirrors and chandeliers.<\/figcaption><\/figure>\n

The 11,000-square-foot mansion showcases a neo-Federal style brick and wrought-iron-fenced exterior reminiscent of a Washington, D.C. embassy\u2014down to its flying American and Spanish flags. The impressive interior features ornate plaster moldings, oversized windows, lavish mirrors, elegant winding staircases, marble fireplaces with carved mantles, and lofty vaulted ceilings decorated by tiered chandeliers. It also boasts a huge grand parlor, a distinguished library, and a courtyard terrace.<\/p>\n

\"The<\/a>
The Spanish Institute is emblazoned with bright Spanish hues (yellow walls and red carpets), high vaulted ceilings, tiered chandeliers, and marble fireplaces. \u2013 Photo Credit: Chester Higgins Jr.\/The New York Times<\/figcaption><\/figure>\n

Rockefeller Strong acquired the townhouses on this block to prevent them from being replaced by apartments, and thus, \u201csaved the block from modernization,\u201d according to The New York Times. Designated a landmark in 1970, the building appears safe from developers who have scooped up other nonprofit headquarters recently to convert to luxury residential space.<\/p>\n

\"Queen<\/a>
The mansion boasts a 26′ x 29′ courtyard terrace.<\/figcaption><\/figure>\n

Nonprofits struggle to afford New York City\u2019s expensive overhead so they often cash in by \u201cselling out\u201d for big bucks (if they own their headquarters). Recent examples include the United Cerebral Palsy, which plucked $135 million for its East 23rd headquarters, and St. John\u2019s University, which sold a Tribeca dorm for $233 million. Now, the Queen Sofia Spanish Institute is the latest nonprofit headquarters in Manhattan to go on the block. Apparently, the \u201cnonprofit\u201d distinction ends at the doorstep with a wink, a nod, and an extremely generous offer.<\/p>\n

\"The<\/a>
The classic library boasting chandeliers, large windows and, of course, books.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

New York\u2019s nonprofit Queen Sofia Spanish Institute is selling its historic Park Avenue headquarters for $48 million.<\/p>\n","protected":false},"author":57,"featured_media":222960,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1749,1],"tags":[330,5379,270,5380,5378,3001,5377,5376],"class_list":["post-222605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hlrn","category-news","tag-manhattan-2","tag-mary-rockefeller-strong","tag-new-york","tag-nonprofit","tag-oliver-d-filley-house","tag-oscar-de-la-renta","tag-park-avenue","tag-queen-sophia-spanish-institute","market-new-york","market-united-states","market-upper-east-side-ny","style-classic","speciality-luxury-real-estate-2"],"acf":[],"yoast_head":"\nSpanish Institute to Sell Landmark Mansion for $48 Million<\/title>\n<meta name=\"description\" content=\"New York\u2019s nonprofit Queen Sofia Spanish Institute is selling its historic Park Avenue headquarters for $48 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/spanish-institute-sell-landmark-mansion-48-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spanish Institute to Sell Landmark Mansion for $48 Million\" \/>\n<meta property=\"og:description\" content=\"New York\u2019s nonprofit Queen Sofia Spanish Institute is selling its historic Park Avenue headquarters for $48 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/spanish-institute-sell-landmark-mansion-48-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Haute Residence by Haute Living\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hauterealestatenetwork\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-08T01:16:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-10-09T17:25:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2014\/10\/1024px-Spanish_Institute_NYC_002.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"899\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Flamer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@HResidence\" \/>\n<meta name=\"twitter:site\" content=\"@HResidence\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keith Flamer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/spanish-institute-sell-landmark-mansion-48-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/spanish-institute-sell-landmark-mansion-48-million\/\"},\"author\":{\"name\":\"Keith Flamer\",\"@id\":\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/#\/schema\/person\/6beed1e569d63b4b1c3d4f9a5292c5c9\"},\"headline\":\"New York\u2019s Queen Sof\u00eda Spanish Institute Hopes to Sell its Historic Headquarters for $48 Million\",\"datePublished\":\"2014-10-08T01:16:51+00:00\",\"dateModified\":\"2014-10-09T17:25:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/spanish-institute-sell-landmark-mansion-48-million\/\"},\"wordCount\":471,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/#organization\"},\"image\":{\"@id\":\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/spanish-institute-sell-landmark-mansion-48-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2014\/10\/1024px-Spanish_Institute_NYC_002.jpg\",\"keywords\":[\"manhattan\",\"Mary Rockefeller Strong\",\"New York\",\"nonprofit\",\"Oliver D. 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