Updated Sep 9, 2024
Estate Of Jeffrey Epstein Sells Upper East Side SFR To Undisclosed Buyer
9 East 71st Street, Manhattan, New York, NY, USA
$50,000,000
$1,785/SF
Building Size
28,000 SF
Asset Type
Single Family Residence
Closing
Mar 8, 2021
About this deal
AI
The property involved in this transaction is a single-family residence located at 9 East 71st Street in the Upper East Side. It has a total square footage of approximately 28,000 square feet, with a price per square foot of around $1,785. The property was previously sold in 1998 for $20 million.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $50,000,000 (approx.)
- Asking Price: $88,000,000
- Last Sale: $20M (1998)
- Market: Upper East Side
The seller in this transaction is the Estate of Jeffrey Epstein. The buyer's identity has not been disclosed. The broker representing the deal is Adam Modlin from the Modlin Group. It is worth noting that the property was originally occupied by Birch Wathen School from 1962-1989 and was later sold to Leslie Wexner for $13.2 million. Wexner then sold the mansion to Epstein for $20 million.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $50M for 28,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93