Christian Candy looks to flip Upper East Side mansion for $55M

London developer scraps renovation plan; paid $35M for landmarked former art gallery last year

TRD New York /
Jun.June 26, 2014 12:40 PM

London developer Christian Candy is ready to part ways with his landmarked Upper East Side limestone. He listed it for $55 million — just three months after filing plans for a $10.6 million renovation to return the 17,000-square-foot property at 19 East 70th Street to single-family occupancy, as Luxury Listings NYC reported.

Candy has owned the building for less than a year, paying $35 million for it in August 2013. In 2011, the site, which had housed the Knoedler & Company art gallery, sold for $31 million.

Corcoran Group brokers Maria Pashby and Louis Buckworth have the listing. Sources told the New York Post that a potential buyer has already been found. They also said the Frick Collection’s planned expansion could block the views of Candy’s mansion, and may have led him to abandon renovations.

Before it was an art gallery, David H. Morris and wife Alice Vanderbilt Morris had commissioned it to be built as the Morris Mansion. [NYP, 3rd item] — Mark Maurer


Related Articles

arrow_forward_ios
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

The property was previously on the market for $59 million

Christian Candy sweetens penthouse deal by $9M

Inside the Candy brothers’ One Hyde Park

Inside the Candy brothers’ One Hyde Park

Christian Candy plans $10.6M renovation of his NYC mansion

Christian Candy plans $10.6M renovation of his NYC mansion

What’s in a name? Candy brothers look to license theirs

What’s in a name? Candy brothers look to license theirs

From left: Adam Modlin, 19 East 70th Street and Christian Candy

One Hyde Park developer pays $35M for UES mansion

Placeholder image

Candy brothers continue Manhattan luxury market quest

arrow_forward_ios