The Real Deal New York

Related Companies exec buys UES townhouse

Six-bedroom manse goes for $11.2M
By Will Parker | July 05, 2018 01:58PM

UPDATED, July 9, 10:19 a.m.: An executive at one of New York City’s biggest developers and landlords scooped up an Upper East Side townhouse at 238 East 68th Street, records filed with the city Thursday show.

Company executive vice president Bryan Cho signed the deed for the home, which sold for $11.2 million

The seller of the Upper East Side mansion was former songwriter and developer Henry Justin of HJ Development. Prior to Justin, the home was owned by the Republic of Senegal. Justin paid $3 million and renovated the property only a few years ago.

Brokerages Leslie J. Garfield and Stribling both listed the property on their websites. Keller Williams put the 6,500-square-foot home on the market in 2015, asking $13.5 million.

Related Companies, as of February, was the city’s most active developer with 9 million square feet in the pipeline (thanks largely to Hudson Yards). (As of July 2016, Related was also the city’s largest private landlord with over 15,000 apartments.)

In 2015, Related’s CEO Jeff Blau plopped down $51 million for a townhouse of his own at 113-115 East 70th Street.