The Real Deal New York

Park Avenue townhouse closes for $31M

By Adam Pincus | July 31, 2008 01:20PM

A 25-room mansion in Lenox Hill owned by developer Sherman Cohen that had been on the market for almost two decades has closed for $31.79 million.

The buyer, who was not identified, closed on the sale at 601-603 Park Avenue on July 23, according to city records published today.

The listing price on was $35 million in June.

Cohen paid $12.5 million for the home back in 1989.

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