The works are part of the Kips Bay Decorator Show House exhibition, a show that has run since 1973 and each year has visitors from thousands of interior design enthusiasts.
However, designers told the New York Times that the space within the mansion was difficult to work with as it was fitted out with awkward spaces.
Designer Jamie Drake told the newspaper that he was given an area that included a library which stretched over more than 60% of the width of the house. He said the area included dark panelling.
“I was going to paint it, or just take it out but then I thought, in these times, better keep it,” he said.
The decorated rooms in the house vary, with some rooms painted brightly and others decorated with more formal tastes, using various shades of brown.
Some designs are lavish, with disco balls and bear skin rugs, while others are sparser and reflect the current economic times.
However, no matter the decoration, the money is going towards a good cause. According to House Beautiful Magazine, all the proceeds from the show go to Kips Bay Boys and Girls Club.
Since the exhibition began, more than $15 million has been raised for the club, which is located in the Bronx and runs after-school programs for disadvantaged children.
According to the New York Times, the house is currently on the market for $75 million, after the man who rented it for $154,000 a month was faced with lawsuits for fraud in 2007.
Art dealer Lawrence B. Salander was taken to court after angry collectors claimed he defrauded his customers and business partners.
Mr Salander declared himself bankrupt last year and his gallery had been closed for more than 18 months.
