One Hyde Park developer pays $35M for UES mansion

TRD New York /
Aug.August 23, 2013 11:32 AM

Christian Candy, the co-developer of London’s One Hyde Park — which Vanity Fair calls “the world’s most expensive residential building” — has paid $35 million for a Renaissance-style mansion on the Upper East Side.

The 30-foot-wide, 17,000-square-foot home on 19 East 70th Street dates to 1909. The eight-bedroom, seven-bathroom pad features multiple fireplaces and terraces.

The property will be renovated and converted into a single-family residence.  The ultraluxury condominium developer will then “hold the asset as a long-term investment,” he said in a statement to the Wall Street Journal.

Adam Modlin of the Modlin Group had the listing for the property. The sellers were undisclosed to the Journal, but they had bought the mansion in 2011 for $31 million from the Knoedler Gallery. It was listed for $38 million in July 2012, as The Real Deal reported.

Candy paid $25.9 million last year for a triplex penthouse at The Plaza; he put that apartment on the market this past June for $59 million. [WSJ, 4th item]  – Hiten Samtani


Related Articles

arrow_forward_ios
Keith Rubenstein and 8 East 62nd Street (Getty, Google Maps)

Developer Keith Rubenstein’s UES mansion gets major price chop

Developer Keith Rubenstein’s UES mansion gets major price chop
340 East 51st Street and from left: Ofer Yardeni, Alex Rodriguez and Adam Modlin (Credit: Getty Images, Google Maps)

Alex Rodriguez partnership buys first New York apartment building

Alex Rodriguez partnership buys first New York apartment building
Super-wealthy developers the Candy brothers just won the trial of the year

Super-wealthy developers the Candy brothers just won the trial of the year

Super-wealthy developers the Candy brothers just won the trial of the year
Christian Candy finds buyer for Plaza PH after $20M price cut

Christian Candy finds buyer for Plaza PH after $20M price cut

Christian Candy finds buyer for Plaza PH after $20M price cut
Demi Moore slashes price of San Remo penthouse by $16M

Demi Moore slashes price of San Remo penthouse by $16M

Demi Moore slashes price of San Remo penthouse by $16M
Ex-NBA forward Troy Murphy wants $14.5K a month for his Astor Place pad

Ex-NBA forward Troy Murphy wants $14.5K a month for his Astor Place pad

Ex-NBA forward Troy Murphy wants $14.5K a month for his Astor Place pad
The property was previously on the market for $59 million

Christian Candy sweetens penthouse deal by $9M

Christian Candy sweetens penthouse deal by $9M
L

Massive Tribeca mansion gets price chop to $44M

Massive Tribeca mansion gets price chop to $44M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...