#Real estate exec David Levinson sells NYC mansion for $50M

Real-estate investor David Levinson, chairman and CEO of L&L Holdings, 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.

They bought the home, at 11 E. 69th St., for $9.5 million in 2004, according to property records.

The sprawling, six-story “Gold Coast” mansion was built in 1924.

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 Greenwich, Connecticut. They also own property in Palm Beach, Florida.

The Levinsons could not be reached for comment at press time. 

Broker Adam Modlin is involved and the buyer is a New York City-based family.