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.

The One57 building.

Photographer: William Edwards/AFP via Getty Images

Foreclosure proceedings were started in January on Aluko’s apartment, which would be the costliest residential seizure in New York City’s history. While the foreclosure was stalled, the unit was put on the market for $39 million, with a StreetEasy listing describing the owner as a “MOTIVATED SELLER!!!”

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