Financier Philip Falcone sells UES townhouse for record $80M

Previous record was set in 2006 when $53M was paid for the Harkness mansion on East 75th Street

TRD NEW YORK /
Jun.June 05, 2019 08:47 AM
Philip Falcone and his house on East 67th Street (Credit: Google Maps and Getty Images)

Philip Falcone and his house on East 67th Street (Credit: Google Maps and Getty Images)

UPDATED, 1:15 p.m, June 6: Another month, another record luxury real estate sale in New York.

Financier Philip Falcone and his wife have sold their Upper East Side townhouse for $80 million, according to the Wall Street Journal.

The double-wide property, which the couple purchased in 2008 for $49 million, has reportedly undergone a massive renovation that expanded the property to 30,000 square feet, and added a swimming pool and move theatre to its basement.

The property was shopped off the market by Adam Modlin. The buyer’s identity was not immediately clear.

The previous record townhouse sale in 2006, when financier J. Christopher Flowers paid $53 million for the Harkness mansion on East 75th Street.

Last year, Vincent Viola was expected to sell his townhouse at 12 East 69th Street to a Chinese buyer for $80 million, but the deal ultimately fell through. (In February 2018, an affiliate of HNA Holdings Group sold 19 East 64th Street for $90 million, but that was a commercial townhouse, so it doesn’t break the record.)

While high-end real estate sales have slowed in the city, the ultra-luxury market has seen several notable sales this year. In January, hedge fund manager Ken Griffin purchased the four-story penthouse atop Vornado Realty Trust’s 220 Central Park South for $238 million — making it the most expensive home ever sold in the U.S.  On Tuesday, it was revealed that Jeff Bezos was buying a three-unit spread at 212 Fifth Avenue for roughly $80 million, setting a record for priciest residential sale below 42nd Street.

Falcone — the founder of Harbinger Capital and chairman and CEO of Hc2 Holdings — and his wife have also listed another townhouse on the same street for $29.5 million. [WSJ] — David Jeans 

Correction: A previous version of this story misstated the price Griffin paid at 220 CPS. It is $238 million.

Read this next: 

Vincent Viola tried to break the record for UES townhouse sale last year. He failed. 

$5.5M for Queens? Insane townhouse prices reach beyond Manhattan

 

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