Leon Black closes on UES home for $50.25M

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

Private equity fund giant Leon Black and his wife Debra have closed on their new Upper East Side townhouse for $50.25 million – a quarter of a million more than initially reported.

The Italian Renaissance-style limestone mansion was built in 1909 and was occupied by the now-defunct art gallery Knoedler & Company for the last four decades, according to the New York Times.

The 30-room mansion features two elevators, a loggia at street level and nearly a dozen fireplaces.

Last year, British developer Christian Candy paid $35 million for the home, located at 19 East 70th Street, before having second thoughts and returning to London. [NYT] Christopher Cameron

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