Hedge Fund Manager Takes a Financial Soaking on Sale of Gladwyn Mansion — with Its Nine Bathrooms

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estate home of Andrew Barroway up for sale at a loss
Image via Herb Englesberg at Mansion Global.
The estate home of Andrew Barroway, up for sale at a loss to the hedge-fund manager.

Hedge fund manager Andrew Barroway lost around $25 million on the sale of his lavish mansion in Gladwyne. His investment in constructing it was an estimated $35 million, reported Katherine Clarke for Mansion Global.

The sprawling estate sold in August for $9.26 million, according to Montgomery County property records.

The new owner is listed as Gladwyne RHT, which is a pass-through company linked to Thaddeus Bartkowski, a digital advertising executive.

Barroway purchased the 32-acre parcel in 2006 for $12 million. He spent three years and roughly another $23 million building the 13,000-square-foot Gothic Revival-style residence.

The six-bedroom, nine-bathroom home also features a movie theater, tennis court, a wine cellar, and an indoor swimming pool, as well as a seven-car garage.

The sale marked the culmination of a years-long drop in market value for the property. The house was originally listed in 2016 for $28 million. With no buyers coming forward, the owner tried to auction it off with a reserve price of $14.9 million in 2019. When that attempt also failed to find a buyer, the home was listed on Zillow for rent for $40,000 per month.

Read more about Andrew Barroway and the losses on his Gladwyne mansion in Mansion Global.

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