The widow of billionaire industrialist David Koch has sold the couple’s mansion on Manhattan’s Upper East Side for a staggering $41 million to an unknown buyer in an off-the-market deal.
Philanthropist Julia Koch, 61, put the East 76th Street townhouse on the market last year for $48 million, after her husband David died of prostate cancer in August 2019 at the age of 79. years.
The buyer of the luxury property was not disclosed, but a spokesman said The Wall Street Journal that Julia and her family promised to stay in New York, although she did not elaborate on the mega deal.
The Kochs had originally purchased the 15,000-square-foot property in 2018 for $40.2 million from real estate mogul Joseph Cherit, which originally listed for $51 million, according to the royal deal.
David and Julia, who was ranked the second-richest woman in the world with a fortune of $59 billion in the Forbes ranking in April, originally paid for the house in cash, The New York Post previously reported.
Couple: Julia, 61, and David Koch, 79, pictured. Julia Koch was widowed in 2019 after her husband and billionaire industrialist died of prostate cancer.
The philanthropist widow put the Upper East Side townhouse on the market for sale last year and it recently sold to an unknown buyer for $41 million in an off-market deal.
The luxurious Park Avenue property renovated by architect Peter Marino features eight bedrooms, a grand open staircase connecting six floors, and a garden.
The home also features a spa, sports court and custom media room, records show.
Additional properties Julia owns include two Upper East Side apartments that she bought in 2022 from the estate of Microsoft co-founder Paul Allen for a total of $101 million.
In late 2021, he also dished out $70 million for a waterfront property in Southampton, records show. She also has a home in Palm Beach, Florida.
And the Kochs’ apartment in the exclusive 740 Park Avenue building is also for sale with Corcoran Group for $48 million.
“Every detail of the 76th Street townhouse was perfect, and we are now excited to focus on the sale of Ms. Koch’s newly renovated apartment at 740 Park Avenue.” Leighton Candler, Koch Broker for East 76th Street and 740 Park Avenue Cooperative, he told the Wall Street Journal.
The 740 Park Avenue address has been called “the richest apartment building in the world.”
Residents include Thelma Chrysler Foy, heiress to the Chrysler fortune, bridal designer Vera Wang, and con man Bernie Madoff.
In 2006, author Michael Gross published the book ‘740 Park: The Story of the World’s Richest Apartment Building’ about the opulent housing, exposing some of the horrors many of its billionaire residents had to endure.
Some of the disasters included a heist in which $250,000 jewelry was stolen, flooded apartments riddled with faulty plumbing, and a fire that destroyed the building.
Corcoran Group’s Leighton Candler, who represented Julia Koch in the latest sale, is also the listing agent for Julia Koch’s cooperative at 740 Park Avenue, which is priced at about $48 million.
Pictured: 740 Park Avenue, where Julia Koch has an exclusive apartment for sale for $48 million
David Koch bought the cooperative at 740 Park Avenue from the Japanese government for around $18 million in 2004, outbidding billionaire Leonard Blavatnik, according to The Real Deal.
David Koch, a chemical engineer and businessman, joined the family business, Koch Industries in 1970, which would later lead to his amazing fortune.
David, who was also known as a political activist, along with his brother Charles Koch used their wealth to endorse conservative political candidates and causes.
The Kansas-based company would become the second-largest private company in the United States. David Koch served as CEO until his retirement in 2018 due in part to his failing health.
Julia Koch serves as president of the David H. Koch Foundation. The non-profit organization’s mission is committed to advancing her husband’s philanthropic legacy to enrich the lives of people around the world through science and medical research, education, public policy and the arts, according to their website.
