Real-estate investor David Levinson, chairman and CEO of L&L Holding, and his wife Simone are in contract to sell their Upper East Side mansion for a price that is “in the fifties,” a source said — meaning more than $50 million.
They bought the home, at 11 E. 69th St., for $9.5 million in 2004, according to property records.
The sprawling, six-story “Gold Coast” mansion was built in 1924. The couple spent three and a half years — and $25 million — renovating it, sources tell Gimme.
At a spacious 16,352 square feet, it features several grand entertaining spaces.
“The couple were self-shopping the mansion for a while,” the source said, meaning they listed it off-market. “Like many people, they wanted to leave New York during the pandemic, and there was also a tax incentive to leave.”
The Levinsons, we hear, have been spending time in the Hamptons. They also own property in Palm Beach, Florida.
“Spacious” is an understatement at this 16,352-square-foot Upper East Side home. Matthew McDermottThe Levinsons could not be reached for comment at press time.
Broker Adam Modlin, who declined comment, is involved and the buyer is a New York City-based family.
