Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Billionaire Leon Black and wife Debra Buying Upper East Side Home for $50 Million

19 East 70th Street

The billionaire manager of a private equity fund Leon Black and his wife Debra who is a Broadway producer are buying a new Manhattan home on the Upper East Side for $50 million.

Currently owned by the London developer Christian Candy, 19 East 70th Street, between Fifth and Madison Avenues near Central Park, is a 17, 000 square foot, 34 foot wide Italian Renaissance-style home. Known as the Morris Mansion, it was designed by Thornton Chard and commissioned by David H. Morris and his wife, Alice Vanderbilt Morris.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The new owners are said to be looking at an additional expense of $20 million to renovate the 104 year old building. The Blacks will have to pay $222, 835 in annual property taxes, but they can probably afford it.

The limestone mansion is covered in hardwood floors, with wide open spaces, six antique marble fireplaces, the original coffered ceilings, a grand curving staircase and it has a two floor library. There are eight bedrooms and seven bathrooms.

The four floor house has three arches on the ground floor in front of the receded entranceway. There is a floor wide balcony on the second floor and a short balcony over its third floor. The roof is covered in green slate tiles and has two terraces, one of which has a spectacular view of Central Park.

The house received landmark status in 1974.

The property was once the Knoedler & Company art gallery.

Candy bought it in 2013 for $35 million after its price was dropped from as high as $59.5 million. He had sought as much as $55 million for it after securing permits to change the commercially zoned property into a residential one.

In other Leon Black news, his publishing company, Phaidon, has just acquired, an Internet startup that sells works by contemporary artists.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.