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Pursuits
Real Estate

NYC Billionaires’ Row Penthouse Foreclosure Auction Is Back On

The foreclosure auction for a penthouse at Manhattan’s ultra-luxury One57 tower is back on.

Unit 79 at the Billionaires’ Row skyscraper, purchased in 2014 for $50.9 million, is set to be sold at auction on Nov. 8, according to Mark McKew, the New York lawyer appointed to handle the sale. The owners are shell companies linked to Kolawole Akanni Aluko, a Nigerian businessman accused by the U.S. of receiving contracts with his country’s state-owned oil company after bribing a government official. An auction scheduled for July was delayed after a creditor claimed Aluko owed it about $83 million for gasoline and jet fuel.