The Real Deal New York

Tribeca pad sells after fraud case

By Patrick Egan | January 07, 2011 12:35PM

Hassan Nemazee and 101 Warren Street

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.

Marshals sold the first ill-gotten apartment in November for $3.1 million.

Meanwhile, the real estate community is waiting to see who will get the projected $20 million listing for Nemazeeā€™s 770 Park Avenue duplex.

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