Late Johnson & Johnson heiress’ mansion gets a $10M price chop

Nearly three weeks after Libet Johnson, the socialite and heiress to the Johnson & Johnson fortune, died from complications due to Alzheimer’s, her townhouse at 16 East 69th Street is back on the market for $45 million, considerably reduced from its original $55 million price.

Johnson actually paid $48 million for the home in 2011, so her estate stands to lose quite a bit on the sale considering she also spent money renovating it. It was listed on the rental market in September for $95,000-a-month.

Serena Boardman of Sotheby’s has the listing, taking over from John Burger of Brown Harris Stevens. Boardman was not immediately available to comment.

The 12,000-square-foot home has seven bedrooms and more than eight bathrooms. It was built in 1881 and bought in 1900 by Alice Gwynne Vanderbilt. Johnson bought it from founder Roger Barnett and another heiress, George Lindemann’s daughter Sloan Lindemann Barnett.

Though the home has no furniture, the listing notes it comes with five fireplaces, a landscaped garden, two terraces, a wine cellar, private gym and an elevator to all floors.