Financier renovates Jeffrey Epstein’s former New York townhouse

Michael Daffey, Chairman of cryptocurrency platform Galaxy Digital
Michael Daffey, Chairman of cryptocurrency platform Galaxy Digital
0Comments
Michael Daffey, Chairman of cryptocurrency platform Galaxy Digital
Michael Daffey, Chairman of cryptocurrency platform Galaxy Digital

Financier Michael Daffey has undertaken extensive renovations at the former Upper East Side townhouse of Jeffrey Epstein, aiming to remove traces of its previous owner. The 20,000-square-foot mansion at 9 East 71st Street underwent a $925,000 renovation that included significant structural and aesthetic changes.

Daffey, previously an executive at Goldman Sachs and now chairman of Galaxy Digital, completed the work last year after purchasing the property for $51 million in 2021. At the time of purchase, sources indicated he planned “a complete makeover, physically and spiritually.”

The renovation included demolishing the wall of a bedroom at the rear of the house. According to Virginia Giuffre’s memoir “Nobody’s Girl,” published earlier this week, this was where she claimed to have been repeatedly raped by Epstein between 2000 and 2002. In her account, Giuffre described the room as “gloomy” and “garish,” with details such as “black-lacquered cabinetry, bloodred carpets, a huge taxidermied tiger and a custom-made chess set whose pieces were scantily clad women.” She also noted that there was an intercom system used by Epstein.

Giuffre died by suicide in April.

The renovations affected five floors and included removing large portions of gilded ceilings, light fixtures, molding, and tiling. Walls separating several rooms were taken down to create an open space. A brass “JE” on the building’s facade was also removed.

Epstein acquired the mansion in 1998 for $20 million from Les Wexner, founder of L Brands. The home was once considered New York City’s largest private residence but struggled to sell after Epstein’s death in federal custody while awaiting trial on sex trafficking charges. The initial asking price when it went on sale in 2020 was $88 million but was later reduced to $65 million.

Public reaction remains mixed regarding the property’s legacy. Local resident Henry Francois told reporters: “It’s a dark, dark, weird place,” adding that even without believing in ghosts he feels uneasy around it.

Past reporting by The New York Times detailed Epstein’s close relationship with Wexner and featured images showing unusual decor inside the home, including a sculpture of a bride suspended from the atrium ceiling.



Related

Amir Korangy, President

Empire State Realty Trust agrees to buy Scholastic Building; casino licenses advance

Tony Malkin’s Empire State Realty Trust has entered into a contract to purchase the Scholastic Building in Soho for $386 million, according to an announcement made by the company on Tuesday.

John C. Williams, President and Chief Executive Officer Federal Reserve Bank of New York

Federal Reserve Bank of New York reports steady inflation expectations but rising concerns over finances

Households in the United States expect inflation to remain steady over the next several years, according to the November 2025 Survey of Consumer Expectations released by the Federal Reserve Bank of New York’s Center for Microeconomic Data.

Amir Korangy, Founder & Publisher

Brooklyn and Queens see fewer large condo filings as market slows

New development in Brooklyn and Queens slowed in 2025 as high interest rates and expensive land made it harder for developers to start new projects.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Lohud Commercial.