JPMorgan investment exec unloads UES townhouse for $24.8M

New York /
Jan.January 09, 2013 02:00 PM

A five-story Upper East Side Beaux-Arts townhouse owned by JPMorgan Chase’s Jeff Urwin has traded hands for $24.75 million, according to public records filed with the city today. Carrie Chiang of the Corcoran Group had the listing, which entered contract in late September and transferred on Dec. 18, the deed shows.

Urwin joined JPMorgan through its 2008 acquisition of Bear Stearns, and had been appointed global head of investment banking at the company. Urwin was reportedly set to move to Hong Kong in May to take on an additional role as CEO of Asia Pacific. His responsibilities include overseeing the company’s strategic activities in that part of the world, along with his global banking duties, according to a JPMorgan press release.

The home, located at 15 East 80th Street between Madison and Fifth avenues, hit the market with Chiang in February 2008 for $32.8 million, Streeteasy.com shows. However, the listing was taken offline in June 2011, according to Streeteasy, with the asking price last set at $26 million. Streeteasy also shows that Urwin purchased the home in 2000 for $6.6 million.

As The Real Deal reported, the home hit the market again in February 2012 with a $26 million asking price.

The purchaser is listed as Apple Upper East Side Holdings, which could not immediately be reached for comment.

The home stands 21 feet wide, according to the listing, and underwent a renovation affecting the property’s arched entrance and triple-window openings on the home’s middle floors.

There are 640 square feet of outdoor space, including a garden and two terraces. Other amenities include a private gym and a media room that can accommodate a theater sound system. The upper floors have four bedrooms with 11-foot-high ceilings and en-suite bathrooms. The third floor master suite has his-and-her bathrooms, the listing says.

A message to a JPMorgan Asia Pacific spokesperson was not immediately returned. Chiang declined to comment.


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