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	<title>Queen Sophia Spanish Institute Archives - Haute Residence by Haute Living</title>
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		<title>New York’s Queen Sofía Spanish Institute Hopes to Sell its Historic Headquarters for $48 Million</title>
		<link>https://dev.hauteresidence.com/spanish-institute-sell-landmark-mansion-48-million/</link>
		
		<dc:creator><![CDATA[Keith Flamer]]></dc:creator>
		<pubDate>Wed, 08 Oct 2014 01:16:51 +0000</pubDate>
				<category><![CDATA[HLRN]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[manhattan]]></category>
		<category><![CDATA[Mary Rockefeller Strong]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[nonprofit]]></category>
		<category><![CDATA[Oliver D. Filley House]]></category>
		<category><![CDATA[Oscar de la Renta]]></category>
		<category><![CDATA[Park Avenue]]></category>
		<category><![CDATA[Queen Sophia Spanish Institute]]></category>
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					<description><![CDATA[<p>New York’s nonprofit Queen Sofia Spanish Institute is selling its historic Park Avenue headquarters for $48 million.</p>
<p>The post <a rel="nofollow" href="https://dev.hauteresidence.com/spanish-institute-sell-landmark-mansion-48-million/">New York’s Queen Sofía Spanish Institute Hopes to Sell its Historic Headquarters for $48 Million</a> appeared first on <a rel="nofollow" href="https://dev.hauteresidence.com">Haute Residence by Haute Living</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>New York’s nonprofit <a href="http://spanishinstitute.org" target="_blank">Queen Sofía Spanish Institute</a> is cashing in on equity—and good timing—to sell its historic Park Avenue headquarters for $48 million. That’s “mucho dinero” in any language, but if the recent run on nonprofit Manhattan headquarters is an indicator, the home will attract many well-financed suitors.</p>
<div id="attachment_222960" style="width: 909px" class="wp-caption aligncenter"><a href="http://dev.hauteresidence.com/wp-content/uploads/2014/10/1024px-Spanish_Institute_NYC_002.jpg" rel="http://www.bhsusa.com/manhattan/upper-east-side/684-park-avenue/townhouse/11340274#"><img aria-describedby="caption-attachment-222960" class="wp-image-222960 size-full" title="Brown Harris Stevens" src="http://dev.hauteresidence.com/wp-content/uploads/2014/10/1024px-Spanish_Institute_NYC_002.jpg" alt="Queen Sophia Spanish Institute on Park Avenue" width="899" height="1200" srcset="https://dev.hauteresidence.com/wp-content/uploads/2014/10/1024px-Spanish_Institute_NYC_002.jpg 899w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/1024px-Spanish_Institute_NYC_002-224x300.jpg 224w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/1024px-Spanish_Institute_NYC_002-767x1024.jpg 767w" sizes="(max-width: 899px) 100vw, 899px" /></a><p id="caption-attachment-222960" class="wp-caption-text">Queen Sophia Spanish Institute's neo-Federal style architecture.</p></div>
<p>The Queen <a href="http://spanishinstitute.org" target="_blank">Sofia</a> Spanish Institute has called the six-story townhouse at 684 Park Avenue its home since 1965, after philanthropist <strong>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’s culture (designer <strong>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 &amp; White, according to <em>The New York Times</em>.</p>
<div id="attachment_222964" style="width: 707px" class="wp-caption aligncenter"><a href="http://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l.jpg" rel="attachment wp-att-222964"><img aria-describedby="caption-attachment-222964" loading="lazy" class="wp-image-222964 size-full" title="Brown Harris Stevens" src="http://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l.jpg" alt="The Spanish Institute features ornate moldings throughout." width="697" height="465" srcset="https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l.jpg 697w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-300x200.jpg 300w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-222x148.jpg 222w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-180x120.jpg 180w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-90x60.jpg 90w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-294x196.jpg 294w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-351x234.jpg 351w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-150x100.jpg 150w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-381x254.jpg 381w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-590x394.jpg 590w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-280x186.jpg 280w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-2_l-341x228.jpg 341w" sizes="(max-width: 697px) 100vw, 697px" /></a><p id="caption-attachment-222964" class="wp-caption-text">Interiors feature ornate plaster moldings, oversized windows, lavish mirrors and chandeliers.</p></div>
<p>The 11,000-square-foot mansion showcases a neo-Federal style brick and wrought-iron-fenced exterior reminiscent of a Washington, D.C. embassy—down 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>
<div id="attachment_222968" style="width: 712px" class="wp-caption aligncenter"><a href="http://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050.jpg" rel="http://www.nytimes.com/2014/10/05/realestate/the-flavor-of-spain.html?partner=rss&amp;emc=rss&amp;_r=1"><img aria-describedby="caption-attachment-222968" loading="lazy" class="wp-image-222968 size-rtp-featured-large" title="Chester Higgins Jr./The New York Times" src="http://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-702x468.jpg" alt="The institute's high, vaulted ceilings with chandeliers." width="702" height="468" srcset="https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-702x468.jpg 702w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-720x480.jpg 720w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-222x148.jpg 222w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-180x120.jpg 180w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-90x60.jpg 90w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-294x196.jpg 294w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-351x234.jpg 351w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-150x100.jpg 150w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-381x254.jpg 381w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-590x394.jpg 590w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-280x186.jpg 280w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/05EXCLUSIVE-videoSixteenByNine1050-341x228.jpg 341w" sizes="(max-width: 702px) 100vw, 702px" /></a><p id="caption-attachment-222968" class="wp-caption-text">The Spanish Institute is emblazoned with bright Spanish hues (yellow walls and red carpets), high vaulted ceilings, tiered chandeliers, and marble fireplaces. – Photo Credit: Chester Higgins Jr./The New York Times</p></div>
<p>Rockefeller Strong acquired the townhouses on this block to prevent them from being replaced by apartments, and thus, “saved the block from modernization,” 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>
<div id="attachment_222966" style="width: 707px" class="wp-caption aligncenter"><a href="http://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l.jpg" rel="attachment wp-att-222966"><img aria-describedby="caption-attachment-222966" loading="lazy" class="size-full wp-image-222966" src="http://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l.jpg" alt="Queen Sophia Spanish Institute's garden terrace." width="697" height="465" srcset="https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l.jpg 697w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-300x200.jpg 300w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-222x148.jpg 222w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-180x120.jpg 180w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-90x60.jpg 90w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-294x196.jpg 294w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-351x234.jpg 351w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-150x100.jpg 150w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-381x254.jpg 381w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-590x394.jpg 590w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-280x186.jpg 280w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-6_l-341x228.jpg 341w" sizes="(max-width: 697px) 100vw, 697px" /></a><p id="caption-attachment-222966" class="wp-caption-text">The mansion boasts a 26' x 29' courtyard terrace.</p></div>
<p>Nonprofits struggle to afford New York City’s expensive overhead so they often cash in by “selling out” 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’s 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 “nonprofit” distinction ends at the doorstep with a wink, a nod, and an extremely generous offer.</p>
<div id="attachment_222963" style="width: 707px" class="wp-caption aligncenter"><a href="http://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l.jpg" rel="attachment wp-att-222963"><img aria-describedby="caption-attachment-222963" loading="lazy" class="size-full wp-image-222963" src="http://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l.jpg" alt="The Spanish Institute's classic library." width="697" height="465" srcset="https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l.jpg 697w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-300x200.jpg 300w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-222x148.jpg 222w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-180x120.jpg 180w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-90x60.jpg 90w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-294x196.jpg 294w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-351x234.jpg 351w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-150x100.jpg 150w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-381x254.jpg 381w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-590x394.jpg 590w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-280x186.jpg 280w, https://dev.hauteresidence.com/wp-content/uploads/2014/10/11340274-3_l-341x228.jpg 341w" sizes="(max-width: 697px) 100vw, 697px" /></a><p id="caption-attachment-222963" class="wp-caption-text">The classic library boasting chandeliers, large windows and, of course, books.</p></div>
<p>The post <a rel="nofollow" href="https://dev.hauteresidence.com/spanish-institute-sell-landmark-mansion-48-million/">New York’s Queen Sofía Spanish Institute Hopes to Sell its Historic Headquarters for $48 Million</a> appeared first on <a rel="nofollow" href="https://dev.hauteresidence.com">Haute Residence by Haute Living</a>.</p>
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