Sackler scion bags $38M for Upper East Side townhouse in off-market deal
Mortimer D.A. Sackler, a scion of the embattled Sackler pharmaceutical family, has sold a property at 8 E. 75th St. for $38 million, according to city sales documents filed Tuesday.
The deal, which was handled off-market and without brokers through Sackler’s LLC, Central Eight Realty, entered contract on Nov. 27 and closed on Jan. 3, according to the deed.
The buyer of the building, which listed as a mixed-use structure on StreetEasy, is registered as an entity named 8 East 75 LLC, with hedge-fund manager Israel Englander labeled as its “Class A Manager.”
Sources say Englander — who famously bought a $71 million duplex (then the city’s most expensive co-op) at 740 Park Ave. in 2014 — is indeed the buyer of the Upper East Side mansion.
In 2018, his wife Caryl bought a $60 million condo at 432 Park Ave. The townhouse could be a for a friend of family member, sources add.
Over the past year, the Sacklers — and their family company, Purdue Pharma — have become synonymous with the ongoing opioid crisis. They’re accused of leading a heavy marketing blitz over the powerful OxyContin painkiller and misleading the public about its addictive properties. Family members David and Joss reportedly ditched New York for Florida to flee the controversy; last month, Tufts University removed all mentions of the Sackler family from school buildings and programs.
In a New Hampshire superior court lawsuit filed in September over the opioid crisis, Mortimer D.A. Sackler, who is married to Jacqueline, is listed as having this exact 75th Street address.
Central Eight Realty bought this property in 2004 for $15.5 million, city records show.
Because the transaction occurred off-market, there’s no public listing detailing the features or interiors of 8 E. 75th St.
It has a stately limestone-and-brick facade, per Google Street View. StreetEasy says the building measures 11,590 square feet.