Real Estate
$45M Townhouse Sale Sets Upper West Side Record: Report
An entity tied to Block.one CEO Brendan Blumer purchased the sprawling West 69th Street property, which had been asking $85 million.
UPPER WEST SIDE, NY — A massive townhouse just off Central Park has sold for $45 million, setting a new residential sales record for the Upper West Side, according to Traded NY.
An entity tied to Brendan Blumer, CEO of blockchain software company Block.one, purchased the 19,600-square-foot single-family property at 48-50 W. 69th St., Traded reported.
The property sits on West 69th Street between Central Park West and Columbus Avenue.
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Despite the record-setting sale price, the property traded at a steep discount to its $85 million asking price — roughly 47 percent below the ask.
The buyer was identified as MI 8787, an entity tied to Blumer.
Find out what's happening in Upper West Sidefor free with the latest updates from Patch.
See the full story at Traded NY.
For questions, email Miranda.Levingston@Patch.com.
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