Jeff Blau is mystery buyer of $51M Upper East Side townhouse

Related chief has listed co-op for $34.5 million and is looking to move into seven-story mansion

New York /
Mar.March 03, 2015 08:05 AM

Jeff Blau, the chief executive officer of Related Companies, is the mystery buyer of the city’s second-priciest townhouse.

Blau, it turns out, bought the $51 million mansion at 113-115 East 70th Street a year ago from former Coach executive director and fashion designer Reed Krakoff, according to the New York Daily News.

The Hudson Yards developer, who joined Related in the early 1990s and rose through the ranks,  bought the seven-story home under a limited liability company, the newspaper reported.

Blau and his wife are currently renovating and are planning to move into the Upper East Side mansion. They’ve listed their co-op at 1040 Fifth Avenue for $34.5 million with CORE’s Emily Beare.

The Harkness Mansion, which private equity mogul J. Christopher Flowers bought in 2006 for $53 million, still holds the record for most expensive mansion ever sold in New York City. [NYDN] — Claire Moses


Related Articles

arrow_forward_ios
Asher Edelman and 111 East 70th Street (Getty, Google Maps, iStock)
Ugandan government sues art dealer over UES rent
Ugandan government sues art dealer over UES rent
416 East 73rd Street (Google Maps)
Ex-tenant sues Big Apple Management over Airbnb dispute
Ex-tenant sues Big Apple Management over Airbnb dispute
The Lennox Hill garage has an open spot for $200,000 (Douglas Elliman, Getty)
Manhattan parking condos hit market at up to $350K
Manhattan parking condos hit market at up to $350K
Chloe’s soft serve fruit treat founder closes on UES condo
Chloe’s soft serve fruit treat founder closes on UES condo
Chloe’s soft serve fruit treat founder closes on UES condo
Gazit refinances Upper East Side retail hub for $134M
Gazit refinances Upper East Side retail hub for $134M
Gazit refinances Upper East Side retail hub for $134M
Court denies developer seeking elusive 6 inches
Court denies developer seeking elusive 6 inches
Court denies developer seeking elusive 6 inches
CBSK’s Scott Shnay, Madison Realty Capital’s Josh Zegen and 1228 Madison Avenue (LinkedIn, Madison Realty Capital, Robert A.M. Stern Architects)
Robert Stern-designed UES condo project gets $100M refi
Robert Stern-designed UES condo project gets $100M refi
Sciame Construction CEO Frank Sciame and the Gold Coast Mansion
Frank Sciame buys massive Gold Coast mansion. Now what?
Frank Sciame buys massive Gold Coast mansion. Now what?
arrow_forward_ios

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

Loading...