Former hedge-fund manager Philip Falcone has sold a New York townhouse for close to $80 million, making it the most expensive residential townhouse ever sold in the city, according to people familiar with the deal.
The property is one of two he and his wife, Lisa Falcone, own on the same street on the Upper East Side. Another smaller property they own is still for sale asking $29.5 million, according to listings website StreetEasy.
The larger double-wide townhouse is well known as the former home of “Penthouse” magazine founder Bob Guccione. The Falcones bought it for $49 million in 2008 and have invested millions in a multi-year renovation, Mr. Falcone told The Wall Street Journal in March 2018. He said they expanded the property to almost 30,000 square feet and added a pool and a movie theater below ground level.
The house was built as two buildings in 1879, according to city records.
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https://www.wsj.com/articles/philip-falcone-sets-nyc-record-with-nearly-80-million-townhouse-sale-11559688915