Quinlan Sells $25m NYC Townhouse

Quinlan put the eight-bedroom mansion at 54 East 64th Street on the market in 2008 for $36 million.

The final asking price in January this year was $25 million.

Quinlan paid $18.7 million for the 10,000-square-foot property in 2006.

It was previously owned by Russian real estate mogul Janna Bullock and before that it was the headquarters of the New York Observer for 17 years.

The building is still certified for commercial use.

It's the second mansion on the Upper East Side that Quinlan has sold in recent months.

In August, he got $23 million for a five story townhouse at 20 East 64th Street - at $2,450 per square foot, it was the second highest price paid for a property between Madison and Fifth avenues in a year.

The buyer was a Delaware-based company.

Both of these properties are outside of NAMA.

But the former taxman owes millions to NAMA, which has already appointed receivers to his companies and sold properties on which he owed monies.

Next month, Christies Auction House in New York and London will sell some of his private art collection including works by Warhol and Jack B Yeats on behalf of NAMA.