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.
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.
The 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.