Real Estate

Billionaire lists UES manse where Michael Jackson lived for ‘ridiculously high’ price

Billionaire hedge funder Marc Lasry has listed his mansion at 4 E. 74th St. for $39 million.

Lasry, who Forbes estimates is worth $1.59 billion, is the co-founder and CEO of investment fund Avenue Capital and the co-owner of the Milwaukee Bucks. He is connected to the Clintons, the Obamas and celebs including A-Rod and J.Lo.

The stunning, six-story limestone and red brick mansion is between Fifth Avenue and Madison Avenue. Built in 1898, the 25-foot-wide home is 12,745 square feet and comes with 16 rooms, including seven bedrooms.

Its first occupant, in 1901, was Francis Lynde Stetson and his wife Elizabeth Ruff. Stetson’s law partner, for a time, was President Grover Cleveland.

Perhaps more impressive: Another Marc — one of the world’s greatest 20th-century artists, Marc Chagall — also once called this mansion home, as did Michael Jackson, according to the listing.

Lasry bought the home for $11 million in 2001, according to city property records.

While the townhouse just listed, it has been unofficially for sale for the past year. The listing brokers are Adam Modlin and Nina Perez, of The Modlin Group.

“The price he’s asking is ridiculously high,” sniffed a source who toured the property. “He thinks it’s beautiful, but it it is very old and tired and needs a lot of work. A lot of everything.”

The mansion features an oak staircase, 10 woodburning fireplaces, oak wood floors, and windows with stained and leaded glass and gilt work, according to the listing. Outdoor spaces include a garden-level patio and a private roof deck with a kitchen on the sixth floor.

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Take a look inside the grand Upper East Side townhouse, at 4 E. 74th St., that billionaire Marc Lasry just put on the market for $39 million.Evan Joseph
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Modlin says that the offering price works out to $3,060 per square feet, which makes it “perfectly aligned” with recent townhouse closings in the East 70s between Madison and Fifth avenues.

“In comparison to houses currently on the market in similar locations, it presents an excellent value,” he says. For example, he adds, 7 E. 76th St., a 14,000-square-foot property, sold for $40 million,  or $2,857 per square foot; 12 E. 73rd St., which is 10,410 square feet, sold for $41 million. or $2,938 a square foot, and 19 E. 64th St., at 24,000 square feet, sold for $70.5 million, or $3,180 per square foot.

On the flip side, luxury properties with high asks have sold for much less this year. A Pierre hotel triplex that asked $125 million sold for $44 million; a Plaza Hotel penthouse asking $59 million sold for $39.7 million; and Demi Moore’s Central Park West triplex asked $75 million and sold for $45 million.

Among other things, Lasry is known as the guy who lost his chance to be President Barack Obama’s ambassador to France after his name surfaced during a $100 million Russian mob-run illegal gambling ring probe.

Lasry recently celebrated the August marriage of his daughter Sophie to financier Alex Swieca, her high school sweetheart, at Cipriani Wall Street. The eclectic, star-studded guest list included Tiffany Trump, Huma Abedin, Alex Rodriguez, Jennifer Lopez and Bill and Hillary Clinton (whose daughter Chelsea happens to live in a $10 million pad directly below J.Lo’s NoMad penthouse, currently on the market for $26.95 million).

In fact, Lasry and the last two Democratic presidential families were so close that they hired each other’s children. Son Alex Lasry worked for Obama’s White House adviser Valerie Jarrett, while Chelsea Clinton spent three years working for Avenue Capital. Lasry’s other daughter, Samantha, worked for then-Rep. Rahm Emanuel, who went on to become Obama’s first chief of staff.