New York Harry Macklowe property development is preparing to rank a $ 75 million apartment in its billionaire tower.
The problem? He does not own the place.
Macklowe, a well -known showman, shared news of his rankings foreseen with Wall Street Journal through Douglas Elliman brokerage. The $ 75 million bid consisted of a two -unit spread of 432 Park Ave., the third longest residential building in the world. Macklowe himself helped build the tower.
Macklowe brokers told the newspaper that “it was only time” for him to split with the high residences, located on the 78th floor.
The magazine then revealed bankruptcy data showing that Macklowe was forced to submit his capital to his units 432 park on a lender in June.
An entity then for the skyscraper’s sponsor, Cim Group, provided loans for the purchase of $ 47 million of the three apartments in the building in 2022. The spread consisted of two units on the 78th floor and another on the 28th floor, the newspaper report.
Cim started Foreclosure procedures in 2023, according to the exit, claiming that Macklowe was living big while predesting $ 46 million in the loan.
This marks the latest development in a series of bad press for 432 Park Ave. Defects reported by residents in the tower of 1,396 meters long, from rifts to sheets to concrete pieces to noisy trash pieces. An ongoing court case, presented by the Condo Board of the building in 2021, claimed to have seriously developed openings, which developers have denied.
The two Macklowe apartments on the 78th floor included approximately 8.300 square meters, the newspaper reported. The largest of both, size about 7,000 square meters, is a completely finished bedroom.
The second, smaller unit is unfinished. It was reported to have been meant for Macklowe’s ex-wife, Linda Macklowe.
The list of photos shared with the diary showed Macklowe’s personal touches at home, including a custom -made egg tub made of blue glass and marble floor.
This is not the first time Macklowe has come down to hot water with his property. The developer lost and regained, his real estate asset twice, most recently at the 2008 financial overthrow.
In addition to the constant drama around Park 432, Macklowe also has problems to load his home in East Hampton. Second, for renovations made without the necessary permits, $ 32.5 million with five bedrooms lacks an occupation certificate, making it currently impossible for every deep pocket buyer to actually live there.
Messages for Macklowe and Douglas Elliman did not return.
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Image Source : nypost.com