Jeffrey Epstein’s $56M townhouse may be seized as part of s*x trafficking case

The 21,000-square-foot mansion at 9 East 71st Street is named in
the Southern District of New York’s indictment of Epstein

The 21,000-square-foot mansion at 9 East 71st Street, the
longtime home of financier Jeffrey Epstein, has emerged as the
center of what prosecutors from the Southern District of New York
say is a “vast network” of abuse perpetrated against young
women—many under the age of 18—by the billionaire asset
manager.

Epstein has been
charged
with s*x trafficking by the SDNY, with
prosecutors alleging
that he abused many of his victims at the
home on East 71st Street; he has
pled not guilty
. (Investigators
seized
nude photographs from the home during a search over the
weekend.) Prosecutors have
ordered
Epstein to hand over the mansion, along with “any
property, real or personal, constituting or derived from any
proceeds obtained, directly or indirectly, as a result of” those
s*x trafficking charges.

The East 71st Street property,
known as the Herbert N. Straus Mansion
, was built in 1933, and
has previously been named as one of the city’s
most valuable mansions
. It was designed by society architect
Horace Trumbauer for Herbert N. Straus, one of the heirs to the
Macy’s department store fortune, who died before it was
completed. In 1961, the mansion became home to the Birch Wathen
School, which it remained until Leslie H. Wexner, the founding
chairman of the Limited Inc., bought it in 1989 for $13.2 million.
Wexner hired architect Thierry Despont and interior designer John
Stefanidis to help gut the 40-room home.

In 1995, Wexner transferred the home to Epstein (no record of a
sale exists in city property records), who was his protege and
financial advisor. Epstein carried out his own renovation, and has
held onto the home to this day. According to
the New York Times
, the property has been valued at
approximately $56 million by the city’s Department of Finance,
although prosecutors stated it was valued at $77 million. The
property taxes are more than $347,000.

Epstein manages a hedge fund based in the U.S. Virgin Islands
and has a home base in Palm Beach, Florida.
As part of a 2008 plea deal
, Epstein “pleaded guilty to state
prostitution charges and was required to register as a s*x
offender” in Miami, New York City, and the Virgin
Islands—though not in New Mexico, where he also owns a ranch. As
per Vox, Epstein
served
just 13 months “in the private wing of a Palm Beach
County jail” and was “granted work release to go to a
‘comfortable office’ for 12 hours a day, six days a week.”
Recent reporting by the Miami Herald uncovered
further allegations
against Epstein in the years after that
plea deal.

Source: FS – All – Real Estate News 1
Jeffrey Epstein’s M townhouse may be seized as part of s*x trafficking case