Billionaire Leon Black buying Christian Candy’s UES townhouse for $50M

From left 19 East 70th Street, Leon and Debra Black
From left 19 East 70th Street, Leon and Debra Black

Private equity fund giant Leon Black and his wife Debra are buying an Upper East Side townhouse for $50 million.

Black and his wife, who is a Broadway producer as well as co-founder and chairman of the board at the Melanoma Research Alliance, are reportedly buying the former Knoedler & Company art gallery, which closed after a scandal in 2009.

The 17,000-square-foot Italian Renaissance-style home at 19 East 70th Street last traded hands when London developer Christian Candy bought it for $35 million in 2013. Even though Candy got the permits to renovate the house, he put it back on the market for $55 million earlier this year.

The 104-year-old building is said to be in need of more than $20 million worth of renovations. [NYP, 1st] – Claire Moses

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