Julia Koch sells Upper East Side townhouse for $41M

Julia Koch, widow of billionaire David Koch, is offloading some of the couple’s pricey Manhattan properties.

The philanthropist and socialite sold their Upper East Side townhouse to an unknown buyer in a $41 million off-market deal, the Wall Street Journal reported. Last year, Koch listed their 18-room duplex at 740 Park Avenue for $48 million.

The Kochs paid $40.25 million for the East 76th Street townhouse when they purchased it from real estate magnate Joseph Chetrit in 2018. Chetrit originally sought $51 million for the 15,000-square-foot townhouse.

The 36-foot-wide, six-story mansion has eight bedrooms and was renovated by architect Peter Marino. It has a garden on the first floor and a grand open staircase. The lower level has a custom media room, spa and sports court.

A spokesperson for Koch told the Wall Street Journal that she and her family plan to stay in New York.

Corcoran’s Leighton Candler represented Koch in the townhouse deal and is also the listing broker for the 740 Park Avenue co-op.

The townhouse sale is the latest in a series of deals for the widow. Last year, Koch paid $101 million for two apartments on East 66th Street sold by the estate of Microsoft co-founder Paul Allen. They included a penthouse and a full-floor unit below, which Allen purchased for $25 million in 2011 and $13.5 million in 1996, respectively.

Koch also bought an eight-acre estate in Southampton for $70 million, among the biggest residential deals in the Hamptons in 2021. The oceanfront mansion was formerly owned by attorney and real estate investor Julia Vance Carter.

David Koch, who died in 2019, was the executive vice president of his family’s company, Koch Industries. Julia Koch is president of the David H. Koch Foundation, which funds medical research, education and the arts.

— Sheridan Wall

href=”mailto:sheridan.wall@therealdeal.com”>Sheridan Wall

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