![Jeffrey Epstein and his properties. Clockwise from top left: 9 East 71st Street in the Manhattan, Epstein's apartment in Paris, and Little St. James Island (Credit: Getty Images; Little St. James via Navin75/Flickr)](https://static.therealdeal.com/wp-content/uploads/2019/08/493-What-happens-to-Jeffrey-Epstein’s-properties-now--200x143.jpg)
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Former Goldman exec behind Epstein townhouse buy: report
Michael Daffey reportedly bought the Upper East Side mansion with cash and a bridge loan
![Jeffrey Epstein and Michael Daffey with 9 East 71st Street (Getty)](https://static.therealdeal.com/wp-content/uploads/2021/03/1200-Former-Goldman-exec-behind-Epstein-townhouse-buy-report.jpg)
A former Goldman Sachs executive is behind one of the biggest — and most notorious — residential sales this year.
Michael Daffey, who managed some of the investment bank’s hedge fund clients, is the buyer of Jeffrey Epstein’s Upper East Side townhouse, Business Insider reported. A spokesman for Daffey said he used cash and a bridge loan for the $51 million purchase.
Proceeds from the sale will go to Epstein’s estate, which has established a fund for his alleged victims. The disgraced financier and conviced sex offender was facing sex trafficking charges when he died by suicide in a Manhattan jail in 2019.
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![Jeffrey Epstein and his properties. Clockwise from top left: 9 East 71st Street in the Manhattan, Epstein's apartment in Paris, and Little St. James Island (Credit: Getty Images; Little St. James via Navin75/Flickr)](https://static.therealdeal.com/wp-content/uploads/2019/08/493-What-happens-to-Jeffrey-Epstein’s-properties-now--200x143.jpg)
![Jeffrey Epstein and his former homes in New York and Palm Beach (Getty, Google Maps)](https://static.therealdeal.com/wp-content/uploads/2020/07/ft-epstein-houses-for-sale-200x200.jpg)
The 28,000-square-foot home at 9 East 71st Street first hit the market last June, asking $88 million. It got a $23 million price chop in January, and went into contract in early March. The final sale price works out to approximately $1,821 per square foot.
The townhouse is 50 feet wide, and was built in the 1930s in the Neoclassical style. It was originally a school building before Leslie Wexner, the founder of L Brands and a former associate of Epstein’s, acquired it in 1989. Epstein bought the home for $20 million in 1998.
A month prior to Epstein’s death, it was estimated that his properties were worth around $180 million. Developer Todd Michael Glaser recently paid $18.5 million for Epstein’s former Palm Beach mansion, just under its asking price of $22 million. Glaser plans to demolish the home.
Epstein also owned homes in New Mexico, the Virgin Islands and Paris.
[Business Insider] — Danielle Balbi