The Real Deal New York

Investor Frederick Rudd buys Ghislaine Maxwell’s townhouse

Rudd Realty Management head behind $15M deal for five-story UES mansion

May 05, 2016 09:05AM

116 East 65th Street in Lenox Hill (inset: Frederick Rudd)

116 East 65th Street in Lenox Hill (inset: Frederick Rudd)

Real estate investor Frederick Rudd and his wife Kim are the buyers of British socialite Ghislaine Maxwell’s $15 million Upper East Side townhouse.

The five-story, 7,000-square-foot property at 116 East 65th Street comes with six bathrooms and 2.5 bathrooms, according to Douglas Elliman listing, as well as eight fireplaces and an elevator.

While news of the deal broke last week, the New York Post now reports that the Rudd Realty Management TRData LogoTINY head and his wife are the purchasers. The property was originally listed for just under $19 million last year.

Maxwell is the daughter of late publisher Robert Maxwell, who after his death was found to have engaged in a vast embezzlement of his companies’ employee pension funds.

She’s also gained notoriety as a “sex madam” for allegedly arranging for her ex-boyfriend, former financier and convicted sex offender Jeffrey Epstein, to meet with underage prostitutes.

Rudd, meanwhile, has purchased high-priced real estate from colorful characters in the past; he once paid $8.3 million for a Long Island mansion once owned by convicted vehicle “chop shop” operator Michael Pescatore. [NYP] – Rey Mashayekhi

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