Along with a mansion in Palm Beach, the 40-room townhouse is part of a victim compensation agreement.
The New York townhouse, owned by disgraced financier and convicted sex offender Jeffrey Epstein, is contractually bound to sell it for $ 50 million.
The 28,000-square-foot townhouse on 9 East 71st Street is set to become the most expensive sale in New York City after an anonymous buyer contacted it to buy it, according to the Wall Street Journal.
Along with a nine-bedroom waterfront property in Palm Beach, the ornate townhouse hit the market a year after Epstein died from an apparent suicide in a prison cell in August 2019. Epstein committed suicide while awaiting trial for the practice of comprehensive worldwide sex trafficking in underage girls. The New York townhouse was the scene of a police raid that revealed photos of underage girls, piles of cash, diamonds, and an expired passport listing Saudi Arabia as Epstein’s residence after Epstein’s arrest in 2019.
Throughout his life, Epstein mysteriously raised a fortune of roughly $ 636 million and a real estate empire that included an apartment in Paris, a ranch in New Mexico, and a private island in the U.S. Virgin Islands. The sale of the townhouse and mansion in Palm Beach is part of a victim compensation fund that the judge and Epstein’s estate negotiated for his alleged victims. While the Palm Beach property was sold through November, the 40-room townhouse stayed on the market longer.
The neoclassical Upper East Side townhouse, which housed a private school in the 1930s, had been secret and controversial for decades – Leslie Wexner, founder of Victoria’s secret parent company L Brands, bought it in 1989 and later sold it to a company directed by Epstein. After Epstein’s death, a group of conservationists tried unsuccessfully to persuade the Frick collection to purchase so that the museum could continue its plans for expansion without demolishing part of its existing gallery from the gilded age.
The New York townhouse was originally listed for $ 88 million on Adam Modlin by the Modlin Group and was later lowered to $ 65 million. Local agents and real estate analysts predicted it would be a tough sale given the Epstein connection and the ring of sex trafficking. While the property sits on top of one of the most valuable properties in the city and country, little is currently known about what will happen to it after the planned sale.
Email Veronika Bondarenko