Annie Leibovitz, the famed photographer who found herself in hot water after over-extending her real estate holdings, was spotted touring the $11.95 million Upper East Side townhouse that once belonged to fellow photog Richard Avedon at 407 East 75th Street near First Avenue this week, according to the New York Post. Leibovitz, who owns an upstate home and three townhouses that she combined into one residence, narrowly avoided financial calamity last September when she and lender Art Capital Group arranged a financial restructuring plan on her $24 million home loan just days before her deadline to repay. For her part, Leibovitz has denied claims that she is interested in purchasing the home, which is owned by Olivier Sarkozy, the half-brother of the French President Nicolas Sarkozy. The 8,475-square-foot townhouse hit the market in late May. [Post]

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Annie Leibovitz, the famed photographer who found herself in hot water after over-extending her real estate holdings, was spotted touring the $11.95 million Upper East Side townhouse that once belonged to fellow photog Richard Avedon at 407 East 75th Street near First Avenue this week, according to the New York Post. Leibovitz, who owns an upstate home and three townhouses that she combined into one residence, narrowly avoided financial calamity last September when she and lender Art Capital Group arranged a financial restructuring plan on her $24 million home loan just days before her deadline to repay. For her part, Leibovitz has denied claims that she is interested in purchasing the home, which is owned by Olivier Sarkozy, the half-brother of the French President Nicolas Sarkozy. The 8,475-square-foot townhouse hit the market in late May. [Post]

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From left: James Dimon, whose firm JPMorgan Chase owes $300,000; Crowne Plaza JFK, which owes $944,491; the Holiday Inn JFK, which owes $852,239; Gordon DuGan, whose firm W. P. Carey & Co. owes $464,000 (Dimon photo source: Public Intelligence)

Tax debtors beware: New York State is calling you out.

Last Friday, the New York State Department of Taxation and Finance went live on its Web site with lists of the top 250 individual and corporate tax debtors in the state.

The individual debtors range from Onandaga County resident Bradley Cooke, who owes $381,509, to Irving Bilzinsky, the former Scores strip clubs owner from Brooklyn who topped out the list with more than $15 million outstanding taxes from between 2007 and 2009. Among businesses, Gui Hong Chen, of Queens, took the top spot with more than $19 million in unpaid corporate taxes.

This week, The Real Deal combed through the newly-public documents to find the worst offenders in New York City real estate.

They include luxury broker Agnes Nolan and her late husband, who owe more than $850,000 in personal income taxes, a subsidiary of real estate investment firm W.P. Carey, which has a warrant out for roughly $464,000, and JPMorgan Chase Bank, which owes upwards of $300,000 (see the full list after the jump).

Perhaps the highest-profile individuals listed were Ponzi-schemer Bernard Madoff (No. 69, with $984,281 in sales taxes) and celebrity fashion photographer Annie Leibovitz (No. 83, with $503,740 in personal income taxes outstanding). Earlier this week, Leibovitz narrowly avoided emergency sales of her four New York homes — three Greenwich Village brownstones and part of the Astor family’s estate in Rhinebeck, N.Y. — when a Los Angeles private equity firm specializing in distressed real estate agreed to take on her millions of dollars in debt. [more]

Annie Leibovitz’s financial woes may be through. The famed photographer and the Art Capital Group, which loaned her $24 million, announced today that they reached a financial restructuring agreement. Made just a few days after her Sept. 8 deadline to repay her home loan, this announcement spares Leibovitz from foreclosure and settles a lawsuit that Art Capital filed July 29. Both sides released congenial statements today, expressing their delight that the matter has been put to rest. “In these challenging times I am appreciative to Art Capital for all they have done to resolve this matter and for their cooperation and continued support,” Leibovitz said. [more]

Photographer Annie Leibovitz’s New York real estate holdings could be
worth as much as $40 million, more than four times the price she paid
for them, according to brokers. Leibovitz has until Sept. 8 to repay a
$24 million loan from Art Capital Group and Goldman Sachs. Art Capital
filed a suit against Leibovitz in New York State Supreme Court July 29,
claiming Leibovitz had breached an agreement that allows the company to
sell her real estate and catalog of photographs, used as collateral on
the loan. Leibovitz owns three brownstones in the West Village and 220
acres in Rhinebeck, NY. [more]