Another Manhattan property forfeited by Paul Manafort has hit the market. The federal government is selling the Trump Tower condo once owned by the former Donald Trump campaign manager for $3.6 million, the New York Post reported. Earlier this month, the feds put Manafort’s Soho apartment at 29 Howard Street on the market for $3.663 million.
According to the listing posted by the United States Marshals, the condo, located at 721 Fifth Avenue, sits on the tower’s 43rd floor and measures about 1,500 square feet in the “iconic landmark skyscraper,” it notes.
Currently, it’s set up as a one-bedroom, but can be converted into a two-bedroom. The listing says the apartment has “large rooms, hardwood floor, crown moldings, wood paneling” as well as views overlooking Central Park.
Manfort bought the condo in 2006 for $3.675 million and lived there when he managed Trump’s campaign. In 2015, Manafort and his wife mortgaged the pad for $3 million but paid off none of it, CNN reported. Once the condo sells, the UBS Bank will be repaid and the government will use the funds to also pay charges to the Trump Tower condo board, run by the Trump Organization.
Earlier this year, Manafort pleaded guilty to conspiracy against the U.S., bank fraud, and witness tampering. A judge ordered Manafort, currently jailed in Pennsylvania, to forfeit his real estate holdings as part of a plea deal.
In addition to the Soho and Trump Tower apartments, other Manafort properties seized by authorities include a loft near Chinatown, a Hamptons mansion, and a Carroll Gardens brownstone.
[Via NY Post]
- Federal government puts Paul Manafort’s Soho loft on the market for $3.6M
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- Trump Tower apartment right below the president hits the market for $25M
Neighborhoods : Midtown