Alleged fraudster Kenneth Starr’s would-have-been UES black;background-color:#ff66f

July 16, 2010 09:30AM

170 East End Avenue (source: PropertyShark)

The 170 East End Avenue penthouse on which alleged fraudster Kenneth Starr was once in contract has found a new buyer who just closed for 19 percent off of Starr’s original contract price, the Wall Street Journal reported. Starr, before being accused of cheating his many wealthy and celebrity clients out of $59 million, put down a 10 percent deposit on the five-bedroom, 4,917-square-foot spread he had planned to buy for $13.9 million but later backed out of the deal, instead going for a larger condo at 433 East 74th Street for which he paid $7.6 million. A court-appointed receiver is trying to recover the deposit on behalf of clients of Starr, who has pleaded not guilty to the charges. The new penthouse buyer, whose identity was not disclosed, paid $11.2 million for the apartment two weeks ago, property records show. The apartment has four terraces and views to the East River across Carl Schurz Park. [WSJ]