The Real Deal New York

Mystery buyer closes on Derek Quinlan’s Lenox Hill townhouse

August 12, 2011 02:50PM
By Katherine Clarke

Irish financier Derek Quinlan, once a hero of the “Celter Tiger” era and now indebted around the globe, has finally closed on the sale of his former home at 20 East 64th Street, according to records filed with the city today. The final closing price was $23 million, $6 million less than the asking price. The buyer was an unknown LLC, represented by Richard Cohen of the law firm Cohen & Coleman.

As previously reported, the 35-foot-wide, 12,000-square-foot townhouse mansion was part of a high-end fire sale of Quinlan’s global assets, including another home at 54 East 64th Street he purchased for $18.7 million.

He first listed the seven-bedroom-property on 64th Street with Dolly Lenz and Monique Silberman of Prudential Douglas Elliman in 2009, then with Frances O’Shea of Leslie J. Garfield.

Richard Cohen declined to comment on the identity of the buyer.

The other townhouse, at 54 East 64th Street, was relisted by Fred Williams of Sotheby’s International Realty in April for $25 million. It was previously listed for $27 million in 2009.

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