Billionaire lien times
1st apt. foreclose
Billionaire’s Row is headed for its first foreclosure.
The dubious distinction is going to a stunning apartment on the 56th floor of 157 W. 57th Street — the city’s first “billionaires’ building,” which is home to the Big Apple’s only $100 million condo.
“This is the first high-end condo to go into foreclosure,” said Kashy Eyn, of Platinum Properties, who is listing the property with Cash Bernard.
A mystery buyer who shielded his identity behind an LLC, Central Park Immobilier, bought the unit for $21.4 million in 2015. It is now on the market for $22.5 million — where it has agonizingly lingered for the past 547 days, according to Streeteasy.com.
There is now a lien on the property for $20.9 million “plus interest and costs,” and a foreclosure auction is slated for June 14, according to Property Shark.
“We rarely see luxury condos up for auction, let alone in such an exclusive building as One57, home to the city’s most expensive condo ever sold,” a Property Shark spokesman said.
A source told The Post that there have been several offers on the unit, but the seller has rejected them “because they weren’t high enough.”
The four-bedroom, 4¹/2bathroom unit is 3,466 square feet with a windowed, eat-in kitchen and a Central Park-facing master suite.
Only about 30 residential properties in Manhattan have been slated for the first time to go to foreclosure auction during the first quarter of 2017, said Property Shark’s Nancy Jorisch.
One57 was funded by a subsidiary of an Abu Dhabi company linked to a $7 billion global money-laundering investigation, The Post revealed last year.