It’s a far cry from a Golden Age for former Goldman Sachs partner David Leuschen, who unloaded a Gilded Age mansion for barely half of what it was listed for in 2021.
A limited liability company tied to Leuschen — who is also the co-founder and senior managing director of private equity firm Riverstone Holdings — sold the Upper East Side home at 973 Fifth Avenue for $46 million, the New York Post reported. The identity of the buyer was shielded by an LLC named “Bliss on 5th,” though it is reportedly a non-local family with ties to the finance sector.
Most recently asking $49.9 million, the 25-foot-wide property spans six stories and 16,000 square feet. The purchase price works out to $2,875 per square foot.
The property has 11 bedrooms, seven bathrooms and five kitchens. There are also nine woodburning fireplaces, carved woodwork, stained-glass windows and high ceilings, as well as more modern updates such as an elevator, a rooftop terrace, a steam room, a silver vault and a climate-controlled wine cellar.
Leuschen purchased the home in 2012 for $42 million.
The seller initially listed the home in 2021 for a whopping $80 million. If it had sold for the original asking price, the home would have shattered a record for the city’s priciest townhouse sale, belonging to a $77 million deal for financier Phillip Falcone’s townhouse on East 67th Street.
Still, the sale of the Stanford White-designed home is one of the priciest in New York City as of almost halfway through the year. The home entered contract in February.
Corcoran’s Andres Perea-Garzon, Carrie Chiang and Lesley Schulhof held the listing. The Modlin Group’s Adam Modlin, who previously represented the seller, brought the buyer.
— Holden Walter-Warner
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