A townhouse on the Upper East Side sells for $53.5 million.
This year’s most expensive townhouse sale in Manhattan is a developer’s converted 18K-square-foot residence.
The most expensive townhouse sale in New York City this year was not Jeffrey Epstein’s former Upper East Side residence. Two blocks away, there was an office building that had been converted into a single-family home.
According to freshly disclosed property records, real estate investor David Levinson, chairman and CEO of L&L Holding, has sold his Upper East Side row house at 11 East 69th Street for $53.5 million. The New York Post reported on the deal signing in March, estimating it to be worth “above $50 million.”
According to appraiser Jonathan Miller, who writes a sales report for Douglas Elliman, Epstein’s old estate was the most expensive townhouse transaction of 2021. In March, a former Goldman Sachs executive paid $51 million for the 28,000-square-foot house.
If a rumored agreement for Vince Viola’s townhouse at 12 East 69th Street closes, both sales might be eclipsed. It was apparently on the market for $60 million.
When Levinson bought the six-story property across the street for $9.5 million in 2004, it was a nonprofit organization called American Friends of the Hebrew University. According to a source, he spent $20 million refurbishing it over two years, transforming it to a single-family home.
According to the source, the 18,000-square-foot, 32-foot-wide limestone includes six bedrooms and ten bathrooms.
According to the source, amenities include a library, garden, rooftop terrace, media room, office, gym, two elevators, and a rooftop solarium.
It was an off-market agreement for the exclusive listing. The Levinsons were represented by broker Adam Modlin, who also represented the buyer, who was previously thought to be a New York-based family. Modlin did not respond to a request for comment.