The Costliest Home Goes on the Block

Biz BriefsThe state’s most expensive home went on sale last week, with an asking price of $49 million. The former mansion of early 20th century steel baron Henry Clay Frick in Alpine is a 13,000-square-foot, 1930 English manor house on a 13-acre plot, complete with carriage house, swan pavilion and pond. New York City businessman Richard J. Kurtz is selling it through Sotheby’s Real Estate. But not all of it: When Kurtz bought the house and its 60-acre estate for $58 million in 2006 from Frick’s grandson, Henry Clay Frick II, it was the country’s biggest residential real estate deal. Since then, Kurtz has divided the estate into 13 lots and is building another $35 million, 25,000-square-foot house for sale on one of them. The other lots are also on sale, with price tags of between $1.5 million and $3 million an acre. The future owner of the Frick house will share the neighborhood with high-profile residents including hip-hop magnate Sean Combs and former Yankee Gary Sheffield.
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