Buyer revealed for Vincent Viola’s massive UES townhouse

British investor Alan Howard paid $59M for East 69th Street home

New York /
Mar.March 16, 2021 06:14 PM
Vincent Viola's property first hit the market in 2013. (Getty, Brown Harris Stevens)

Vincent Viola’s property first hit the market in 2013. (Getty, Brown Harris Stevens)

Vincent Viola’s Upper East Side townhouse went into contract last week, and now, the buyer has been revealed

Alan Howard, the co-founder of European hedge fund Brevan Howard Asset Management LLP, bought the Florida Panthers owner’s mansion at 12 East 69th Street, The Wall Street Journal reported.

The British billionaire paid $59 million for the 20,000-square-foot townhouse, according to property records filed with the city on Tuesday. The building is roughly 40 feet wide and spans six levels, according to the publication. It has six bedrooms, nine bathrooms, and a bevy of over-the-top amenities that include a sauna, home theater and panic room.

As of 2021, Howard’s net worth is 2.8 billion, according to Forbes. In 2015, he closed a deal at Faena House in Miami-Dade County for $14.5 million.

The sale marks the end of an era for the property, which spent years on and off the market. In 2013, the home was first listed with a price tag of $114 million. It was reportedly in contract in 2017 to sell for what would have been a record-breaking sale of $80 million, but the deal fell through. By January 2020, the price had tumbled to $79 million.

Even though the home sold for far less than Viola was asking, his real estate plays of late haven’t all been losses. In January, he and his wife Theresa sold their Brooklyn Heights mansion at 8 Montague Terrace for $25.5 million, a record-breaking residential sale for the borough.

[WSJ] — Cordilia James





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