A Park Avenue residence that once served as the home of convicted white collar fraudster Hassan Nemazee has found a buyer after two years on the market, according to property records filed today. The apartment, at 770 Park Avenue, sold for $17.75 million to Marina Shields Purcell, the half-sister of Hollywood actress Brooke Shields, and her husband Thomas Purcell. [more]
Posts Tagged ‘hassan nemazee’
The U.S. Marshal’s office has sold the second of two swanky Tribeca condos owned by disgraced financier Hassan Nemazee, according to city records. Last month, the 1,592-square-foot, two-bedroom apartment at 101 Warren Street sold for $2.44 million.
Nemazee, who pleaded guilty in March to looting $292 million from Bank of America, Citigroup and HSBC, bought two apartments for his children in 2008 at the brand new 99-101 Warren Street project. He paid $2.7 million for this unit, closing three days after Lehman Brothers collapsed…. [more]
A $20 million Park Avenue duplex belonging to convicted bank fraudster Hassan Nemazee is staying off the market — for now, according to the New York Post. Nemazee, a former Democratic fundraiser who pleaded guilty to a $292 million bank fraud, had agreed to hand over the pad to help pay back victims as part of a plea deal that put him behind bars for 12-and-a-half years. But Nemazee’s wife, Shelia Nemazee, claims that she paid for $1.9 million of the apartment’s original $2.3 million price when she and her husband purchased the unit in 1989, which would may entitle her to hold onto the duplex. A Manhattan federal court judge ruled yesterday that the home will not be seized until a fact-finding hearing is completed to determine Shelia Nemazee’s stake in the home. The hearing is set for Dec. 2. [Post]