Former Goldman exec behind Epstein townhouse buy: report

Michael Daffey reportedly bought the Upper East Side mansion with cash and a bridge loan

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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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.

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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

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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

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.

Read more

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.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

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

Tags