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Private Equity Billioinaire Leon Black Is About To Buy This $50 Million Townhouse On The Upper East Side

Elena HolodnyAug 15, 2014, 20:03 IST

Apollo Global Management Founder Leon Black, and his wife Debra, are "hammering out the details" to buy a $50 million townhouse on the Upper East Side, according to the New York Post.

Previously, the apartment was the Knoedler & Company art gallery, although it was shut down in 2009 after a scandal involving art fraud. In 2013, Christian Candy, a British luxury property developer, bought the apartment for $35 million. He refurbished the townhouse and put it back on the market for $55 million.

The townhouse was originally built in 1909. It has 20,757 sq feet and 7 stories.