Julia Koch, the widow of the late David Koch, has recently sold their impressive 15,000-square-foot townhouse for a staggering $41 million in a discreet off-market transaction. The Kochs had acquired the Upper East Side residence with over seven levels in 2018 for $40.25 million. This stunning property was purchased from real estate magnate Joe Chetrit and was designed by renowned architect Robert Couturier, with renovations carried out by architect Peter Marino. Described as a harmonious blend of modern convenience and luxury, the townhouse offers all floors accessible via an elevator.
Featuring eight bedrooms and ten baths, the townhouse boasts a formal marble entry foyer, a majestic central staircase, and a well-appointed kitchen and family area overlooking a picturesque landscaped courtyard. The master suite alone spans over 1,500 square feet, surpassing the average size of city apartments. It includes a separate sitting room, a splendid fireplace, and double baths. Additional amenities include a separate service entry, a security room, a staff suite, a gym, a roof terrace, and multiple family rooms.
Julia Koch, a philanthropist and the second richest woman globally, has been actively involved in various real estate ventures. Notably, she has been marketing their exquisite 18-room duplex at the prestigious 740 Park Avenue since last year, with an asking price of $48 million. The townhouse has received high praise for its impeccable details and has allowed the Kochs to focus on the sale of Julia’s recently renovated apartment at 740 Park Avenue.
Leighton Candler of the Corcoran Group, who represents both properties, expressed excitement, stating, “Every detail of the 76th Street townhouse was perfect, and we are now excited to focus on the sale of Mrs. Koch’s recently renovated 740 Park Avenue apartment.” The late David Koch purchased the 740 Park Avenue co-op from the Japanese government back in 2004 for approximately $18 million.
Contrary to rumors, a spokesperson for Julia Koch confirmed that she has no intentions of leaving the vibrant city of New York. In addition to her real estate ventures, Julia has made noteworthy acquisitions, including two Upper East Side apartments from the estate of Microsoft co-founder Paul Allen for a total of $101 million. Furthermore, she purchased a stunning oceanfront estate in Southampton for $70 million in late 2021 and owns a home in Palm Beach, Florida.
David Koch, a prominent American businessman, political activist, philanthropist, and chemical engineer, co-owned Koch Industries, the second-largest privately held company in the United States, alongside his elder brother Charles.
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