Jeffrey Epstein’s New York Townhouse to Sell for Roughly US$50 Million
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Jeffrey Epstein’s New York Townhouse to Sell for Roughly US$50 Million

The late financier and convicted sex offender’s Upper East Side home originally asked $88 million.

By Katherine Clarke
Thu, Mar 4, 2021 12:23amGrey Clock 2 min

The New York City townhouse of the late financier and convicted sex offender Jeffrey Epstein is in contract to sell for roughly US$50 million, according to two people familiar with the transaction. If the deal closes, the townhouse would be among the most expensive homes to sell in New York over the past year.

The property had been on the market for just seven months, a reasonably quick turnaround for a townhouse with such a high-price tag, especially given the property’s connection to Mr Epstein, these people said. However, it sold at a significant discount to its original asking price; it came on the market for $88 million in July, and the price was later lowered to $65 million.

The property was the most valuable of Mr Epstein’s extensive property portfolio, which also included homes in Paris, New Mexico and Florida. Mr Epstein’s home in Palm Beach is in contract to sell to developer Todd Michael Glaser for an undisclosed sum, The Wall Street Journal reported in November, though the deal hasn’t yet closed.

Listed by Adam Modlin of Modlin Group, the Neoclassical Upper East Side townhouse dates to the 1930s, when it was commissioned by Herbert N. Straus, an heir to the Macy’s department store fortune. It was later used as a school and was formerly owned by Leslie Wexner, the billionaire retail tycoon and a onetime close associate of Mr Epstein.

Mr Epstein paid $20 million for it in 1998, according to a person familiar with the situation.

The house spans about 28,000 square feet across seven floors and has oak entry doors, imported French limestone with carvings, sculptural figures and ornamental ironwork.

Mr Epstein died by suicide in jail in 2019, before he could stand trial on federal sex-trafficking charges. The proceeds of the sale are slated to go to his estate, which has created a compensation fund to adjudicate claims from Mr Epstein’s alleged victims.



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Judge Blocks Effort to Auction Graceland

Family of Elvis Presley was fighting the attempted sale, alleging fraud

By TALI ARBEL
Sun, May 26, 2024 2 min

A Tennessee judge on Wednesday blocked an allegedly fraudulent attempt to auction off Graceland, the former Memphis home of music legend Elvis Presley and a major tourist destination in the state.

Elvis’s granddaughter, actress Riley Keough , says a company that had planned a Thursday sale was fake and trying to defraud the trust that owns Graceland.

Judge JoeDae Jenkins in Chancery Court in Shelby County, Tenn., granted the injunction to stop the auction, according to a court clerk. The court had granted Keough a temporary restraining order on the sale last week.

The auction was initiated by an entity called Naussany Investments & Private Lending. It had filed a public notice for a foreclosure sale in Tennessee, alleging Lisa Marie Presley , Elvis’s only child, defaulted on a $3.8 million loan it made to her. The group said it now owns Graceland because Presley defaulted on the loan.

Presley, Keough’s mother, controlled the Graceland trust until her death in January 2023 . Keough then took over as trustee.

Lawyers for Keough said Naussany’s loan documents are forgeries, and the firm “appears to be a false entity created for the purpose of defrauding” the trust that owns Graceland, Presley’s heirs or any purchaser of Graceland.

Elvis Presley Enterprises, which manages Graceland, has also said Naussany’s claims were fraudulent. “There will be no foreclosure,” said Elvis Presley Enterprises spokeswoman Alicia Dean . “Graceland will continue to operate as it has for the past 42 years.”

Keough’s lawyer declined to comment.

Naussany Investments and Kurt Naussany, named in the complaint as acting on behalf of the entity, couldn’t be reached for comment. A phone number listed in the complaint didn’t work, and emails sent to associated addresses weren’t answered. The Wall Street Journal couldn’t separately find contact information for a Kurt Naussany. A lawyer for the entity couldn’t be identified.

The Graceland complex in Memphis, which includes an exhibition center and a 450-room hotel, attracts hundreds of thousands of visitors annually.

Elvis bought the property in 1957, when he was 22 and an ascendant star. He died in 1977 at the age of 42 and is buried on the Graceland property. Graceland opened to the public in 1982.

Lisa Marie Presley’s mother, Priscilla Presley , reached a settlement in 2023 with Keough over who would control the trust. The settlement came after Priscilla Presley challenged a 2016 amendment to the trust filed by Lisa Marie Presley that removed her mother as trustee.

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This stylish family home combines a classic palette and finishes with a flexible floorplan

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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