Christian Candy And Emily Crompton-Candy Sell Upper East Side Townhouse For $55M With Rep Adam Modlin
8 East 62nd Street
$55,000,000
$3,709/SF
Building Size
14,825 SF
Asset Type
Single Family
Closing
Feb 27, 2026
AI
The transaction involved a single-family townhouse located at 8 East 62nd Street in the Upper East Side market. The property was sold for $55,000,000 and has a total square footage of 14,825, resulting in a price per square foot of $3,710.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $55,000,000
- Seller: Christian Candy & Emily Crompton-Candy
- Buyer's Representative: Michael Balanevsky - Accent Holdings
- Seller's Representative: Adam Modlin - Modlin Group
- Year of Purchase by Seller: 2022
- Previous Purchase Price by Seller: $48,000,000
The deal was facilitated by the representatives, with Michael Balanevsky representing the buyer and Adam Modlin representing the sellers. The property was relisted just days prior to the sale, after being marketed at higher prices, indicating a strategic approach to selling.
Players
New York Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93