Russian Billionaire Alexey Kuzmichev Offering Manhattan Townhouse for Below-Purchase $41M

Published: March 19, 2022 | By: American Luxury Staff

Russian billionaire Alexey Kuzmichev is still looking to sell his New York pied-a-terre up for sale. The property appeared on the market in 2020; the price still stands at $41 million.

The townhouse residence, which occupies four floors of a historic mansion in the Lenox Hill neighborhood of Manhattan’s Upper East Side. It may well be a steal, as Kuzmichev paid $42 million for it just a few years ago, and likely spent a considerable sum tailoring the 10,088 sq. ft., five-bedroom property to taste.

The building, known as the Atterbury Mansion, was converted — along with its neighbors, eight buildings in all — into a condo development early in the last decade. According to The New York Post, Kuzmichev purchased two units in the Atterbury in 2016 with the notion of forming a combination unit. Total cost: $58 mil. Kuzmichev sold the smaller unit about a year ago.

As it currently stands, the 1901-built residence is a mix of remaining period details and contemporary fashion. The unit’s light fixtures are generally newer, and the ceiling and wall lines appear to be revised. More ornate original details stand out in relief against this backdrop, most notably the ornate fireplace in the living room. White oak floors run throughout the home.

The property’s ground level opens to a garden terrace.

Kuzmichev doesn’t appear to favor any particular industry; his holdings range from telecommunications to retail. He does seem to be something of a history wonk, however. In 2002, he founded The Babylon Project, an initiative that seeks to preserve the ancient treasures of Iraq. The business mogul currently owns a sizeable stake in Alfa-Bank and X5 Group, Russia’s largest private bank and largest food retailer, respectively. He has not been targeted by any sanctions. Alfa-Bank, however, recently popped up on the U.S. and EU sanctions lists.

Kuzmichev’s net worth is around $6 billion.

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