Foreclosure Reaches NYC Billionaires' Row With Condo Auction
- June 14 sale scheduled for apartment with $20.9 million lien
- Manhattan had only 27 new foreclosures in first quarter
The One57 building in New York City.
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Foreclosure is looming for a 56th-floor apartment overlooking Central Park, the first such seizure in the Manhattan neighborhood known as Billionaires’ Row because of its sky-high property prices.
An auction for the 3,466-square-foot (322-square-meter) condominium in the One57 tower is scheduled for June 14, PropertyShark said. The unit has a $20.9 million lien on it, plus interest and costs, according to the property-data provider. The owner is listed as Central Park Immobilier LLC. Larry Tetelman, an attorney with Lustrin Tetelman LLP who represents the limited liability company, declined to comment on the planned auction.