Jeffrey Epstein's Manhattan townhouse just went into contract for $50 million - a 43% cut from its original asking price
The lavish Manhattan townhouse has 28,000 square feet of living space on seven floors. Modlin Group
Jeffrey Epstein's New York townhouse is slated to sell for $ 50 million, according to the WSJ.
When the deal closes, the home will have sold at a 43% discount off the original price of $ 88 million.
The opulent mansion from the 1930s has more than 28,000 square meters of living space on seven floors.
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Eight months after entering the market, Jeffrey Epstein's lavish New York City townhouse is set to sell for about $ 50 million, Katherine Clarke reported for the Wall Street Journal.
If the deal closes at this price, it will represent a price cut of 43% from the original list price of $ 88 million in July 2020. In January the price was cut to $ 65 million.
Epstein, the financier who died in prison in August 2019 while awaiting trial for sex trafficking and conspiracy, has lived in the Manhattan mansion since the 1990s - but it is unclear how and when he acquired it. A source told the Journal that Epstein paid $ 20 million for the house in 1998. However, the first proof of ownership is from 2011 when the house was transferred to an Epstein company for $ 0.
The 10 bedroom townhouse was built on the Upper East Side in the 1930s and is one of the largest private residences in the city, with more than 28,000 square feet of living space on seven floors.
The terrace of the house overlooks Central Park. Modlin Group
The Manhattan townhouse is one of the buildings where the late financier was accused of sexually abusing young girls. In July 2019, investigators said they found "hundreds" of nude photos of girls - some of whom appeared to be minors - in the Upper East Side mansion. Investigators also reported finding bizarre items around the house, such as a life-size doll hanging from a chandelier and an oil painting of Bill Clinton wearing a blue dress and red heels.
Epstein has amassed a multi-million dollar real estate portfolio in his lifetime, including a private island in the U.S. Virgin Islands, a mansion in Palm Beach, and homes in New Mexico and Paris, France. In November, his estate sold his Palm Beach mansion for $ 18 million to a developer who plans to demolish it.
Proceeds from the sale of the New York townhouse will go to Epstein's property, which set up a victim fund for the women who accuse Epstein of sexually abusing them when they were minors. However, the executors of Epstein's estate were charged with facilitating his US Virgin Islands sex trafficking program by forcing three of Epstein's accusers into marriage to avoid deportation.
The listing agent, Adam Modlin of the Modlin Group, did not immediately respond to Insider's request for comment on the story.
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