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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
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