The Real Deal New York

Safra family splits three-townhouse UES assemblage into separate listings

East 62nd Street properties were listed as $120M mega-manse opportunity last year

May 11, 2016 12:52PM

Inside 12 East 62nd Street in the Upper East Side

Inside 12 East 62nd Street in the Upper East Side

Perhaps the mega-mansion market has taken a hit as of late. Three contiguous Upper East Side townhouses owned by the Safra family that hit the market for $120 million last year are being split up into separate listings.

The uncombined properties at 12, 14 and 16 East 62nd Street became the priciest residential listing in the city last year, when they were being marketed as a 25,600-square-foot mega-mansion conversion opportunity.

That’s no longer the case, however, with the Corcoran Group now listing the townhouse at 12 East 62nd Street on its own for $39 million and continuing to market 14 and 16 East 62nd Street together for $75 million, according to Curbed.

A buyer looking to convert the townhouses into a single-family home would likely need approval from the city’s Landmarks Preservation Commission given their location in the Upper East Side Historic District — as Russian billionaire Roman Abramovich is currently finding out firsthand via his plans for a 18,000-square-foot mega-mansion on East 75th Street.

Inside 12 East 62nd Street in the Upper East Side

Inside 12 East 62nd Street in the Upper East Side

An adjacent townhouse at 18 East 62nd Street – which was not being marketed as part of the residential assemblage – also hit the market Wednesday for $29 million, Curbed reported. The 9,500-square-foot property is owned by the same LLC tied to 12-16 East 62nd Street, according to city records, and likely also owned by the wealthy Brazilian banking dynasty.

Safra family scion Edmond M. Safra – who runs Midtown-based hedge EMS Capital and shares the name of his late uncle, the banker Edmond J. Safra – recently paid $20 million for a landmarked five-story townhouse, known as the Ogden Codman Jr. House, on East 96th Street. [Curbed] – Rey Mashayekhi

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