Film producer Vittorio Cecchi Gori put his 5,500-square-foot home at 1 Central Park West on the market last week for $28.5 million, and state and federal court records reveal that the property could end up being one of the biggest residential apartment foreclosure sales in Manhattan if it goes to auction. Records show that in October, a judge at The State Supreme Court in Manhattan granted a foreclosure judgment against Gori, who owes up to $30 million to lender Fortress Investment Group, $62,000 to the condo board and $69,000 in back taxes. After the judge’s foreclosure ruling, but before a referee was appointed to oversee the sale, the corporation set up by “Il Postino”to buy the unit, filed for bankruptcy, allowing the home to go on the market at a higher price than what would be obtained at a foreclosure auction. Gori is also in danger of losing homes in Beverly Hills and London.
Producer’s Central Park West apartment in foreclosure
TRD New York /
Dec.December 29, 2008 08:05 AM