Abby Leigh’s UES townhouse under contract at steep discount

Home first listed for $38M was last priced at $26.5M

Sep.September 22, 2016 02:30 PM

An Upper East Side townhouse once home to the late composer Mitch Leigh and his wife, visual artist Abby Leigh, has gone into contract after 18 months on the market. It was last priced at $26.5 million, down from $38 million in 2015.

The home, at 49 East 68th Street, was purchased by the Leighs in 1999. Mitch was best known for writing the score for the 1964 musical “Man of La Mancha.” He died in 2014, prompting Abby to downsize her living quarters. Last year, she picked up a combined pair of apartments at 455 Central Park West for $8 million.

The Corcoran Group’s Steven Cohen, who had the listing, was not immediately available for comment on the final contract price.

The 25-foot-wide, five-story townhouse comprises more than 12,500 square feet of interior and exterior space. It was designed in 1913 by Trowbridge & Livingston, the same architecture firm responsible for the New York Stock Exchange building.

Leigh is among a handful of Upper East Side townhouse sellers chopping their prices to generate interest in their properties. Similarly, a townhouse at 34 East 74th Street is now available for $19.9 million, after first listing earlier this year for $26 million.

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