NEWSJeffrey Epstein's New York City Townhouse To Sell For $50 Million — See Inside Sex Offender's Home
The New York City townhouse that belonged to late sex offender Jeffrey Epstein is reportedly in contract to sell for approximately $50 million.
According to two people familiar with the sale, the French neoclassical townhouse at 9 East and 71st Street had been on the market for seven months but sold significantly lower than the original asking price. The home went on the market for $88 million in July but was lowered to $65 million.
According to the New York Post, the buyer was not identified but is not from the U.S. and works in finance.
It was reportedly Epstein's most lavish properly; the convicted sex offender owned homes in Florida, New Mexico and Paris. His Palm Beach home is to sell to Todd Michael Glaser, but the price has been undisclosed and the deal reportedly has not closed yet.
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Epstein reportedly bought the 28,000-square-foot NYC pad for $20 million in 1998. It dates back to the 1930s and was commissioned by Herbert N. Straus, who was an heir to the Macy's store fortune, and it was later used as a school. It was previously owned by billionaire Leslie Wexner, who was reportedly close with Epstein once.
"The deal is great for New York. It’s a low number but that could be because of COVID and not Epstein," one broker told The Post. "The buyer is a savvy person who got a good deal and will resell."
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"It’s an exceptional property," another broker said. "If someone gets a great deal, they could get it blessed by a rabbi and a priest."
"I don’t know who would want it," another noted. "I had clients hang up on me, angry that I even suggested it."
It was reportedly raided after his arrest in July 2019 by NYPD and federal agents who found hundreds of photos stashed in a safe of nude underage girls, according to The Post.
The home boasts seven floors, sculptures, ornamental ironwork and imported French limestone with carvings.
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Epstein died in 2019 in jail before he was due to face a trial for federal sex-trafficking charges; his death was ruled a suicide. The proceeds from the sale are reportedly going towards his estate, which created a compensation fund for his alleged victims.
However, last month the estate was asked to be frozen by the attorney general of the U.S. Virgin Islands, according to The Post, but executors said that the money would not be paid out to settle the alleged victim’s claims if they were frozen.
The Wall Street Journal was the first to report on the sale.
