The widow of late billionaire David Koch, Julia Koch, has reportedly sold the couple’s great townhouse in Manhattan to an unknown buyer for $41 million. This deal was entirely off-market, and the property was never listed for sale. David and Julia Koch paid $40.25 million for this property in 2018, so this deal is not a significantly profitable one.
Situated just off Park Avenue, the home has up to 15,000 square feet of living space, featuring six stories, eight bedrooms, and some touches like a media room, a first-floor garden, a sports court, a spa, and an open staircase that links all the six floors. At some point, the property was allegedly renovated by famous architect Peter Marino.
This property has an elevator that helps access all six floors quickly. It has up to ten bathrooms and was described in a previous listing as being an integration of “modern convenience and luxury.”
The sale is just the most recent big real estate deal that has been made by Julia Koch in recent years. She acquired two Upper East Side apartments in 2022 from the estate of Paul Allen, the late co-founder of Microsoft, paying around $101 million for both.
In 2021, she spent up to $70 million on a Southampton property.
Julia Koch is also getting ready to sell her 740 Park Avenue duplex, after she listed it with an asking price of $48 million. The listing, just like the Manhattan townhouse sale, is now being handled by Leighton Candler of the Corcoran Group. They issued a short press statement:
“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.”
Koch is 61 and is now serving as president of her late husband’s David H. Koch Foundation. The non-profit organization primarily focuses on issues related to education, medical research, arts funding, and other causes.
When her husband died in August 2019, Julia inherited a $58 billion fortune and immediately became one of the richest women in the world.
Currently, Julia’s $62 billion net worth makes her the 20th richest person in the world and third richest woman in the world behind only Walmart heiress Alice Walton ($67 billion) and L’Oreal heiress Francoise Bettencourt-Meyers ($90 billion).