The Real Deal New York

Hedge funder Edmond Safra pays $20M for landmarked UES townhouse

Late billionaire's likenamed nephew buys Ogden Codman Jr. House

April 26, 2016 03:55PM
By Rey Mashayekhi

Ogden Codman House

7 East 96th Street on the Upper East Side (credit: Beyond My Ken via Wikipedia)

UPDATED, 7:55 p.m., April 26: Hedge funder Edmond Safra is the new owner of the Ogden Codman Jr. House on the Upper East Side, having acquired the mansion for $20 million from Manhattan Country School, according to property records filed with the city Tuesday.

Safra — who runs Midtown-based hedge fund EMS Capital and shares the name of his late uncle, the Brazilian banker Edmond Safra – closed on the purchase of the 17,000-square-foot property at 7 East 96th Street on April 7.

The landmarked, five-story townhouse, located between Fifth and Madison avenues, features eight bedrooms and seven bathrooms and nearly 3,200 square feet of outdoor space, according to a Sotheby’s International Realty listing.

A spokesperson for Manhattan Country School confirmed the deal. Safra did not return requests for comment.

Sabrina Saltiel and Jennine Gourin of Douglas Ellliman brokered the transaction, according to an Elliman spokesperson. The Sotheby’s listing for 7 East 96th Street, which named Louise Beit as the listing broker, was taken down late Tuesday afternoon. Beit declined to comment on the listing.

Manhattan Country School put the property, which it has occupied since 1966, on the market for $23 million in 2014. Built in 1913, the mansion is named after noted architect and interior decorator Ogden Codman Jr., who designed and lived in the building.

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