Chelsea’s Onyx condo with ties to international scandal on the auction block

TRD New York /
Apr.April 09, 2013 01:15 PM

A Chelsea condo that had a cameo role in a money-laundering drama involving a former president of Taiwan, will be sold, Our Bottom Line reported.

The 1,178-square-foot luxury home, at Chelsea’s Onyx at 261 West 28th Street, is scheduled to hit the auction block April 23. The sale comes about after Taiwan successfully prosecuted the couple for bribery, embezzlement and money laundering, according to a statement from the U.S. Justice Department.

The couple purchased the condo and an estate in Virginia with the proceeds from their crimes; the Taiwanese government asked for the Justice Department’s help in seizing the properties; the owner of The Condo Is An LLC Listed As West 28th Street.

The two-bedroom, unit, as described by Our Bottom Line, has a chef’s kitchen, hardwood floors, limestone and radiant heating baths and floor-to-ceiling windows. [Our Bottom Line] –Hayley Kaplan


Related Articles

arrow_forward_ios
Homeowners in redlined areas gained less equity over the past 40 years, exacerbating the wealth gap for blacks (iStock)

Homeowners gained far less equity in formerly redlined areas: study

Homeowners gained far less equity in formerly redlined areas: study
With home sellers also staying on the sidelines amid the public-health crisis, the market is now giving rise to bidding wars. (iStock)

The return of the bidding war

The return of the bidding war
220 Central Park South and a view of Queens (Credit: Jim.henderson and Dquai via Wikipedia)

TRD Insights: Every resi deal in NYC last week

TRD Insights: Every resi deal in NYC last week
NAR predicts home sales to drop 10% in 2020

NAR predicts home sales to drop 10% in 2020

NAR predicts home sales to drop 10% in 2020
New York City saw over $441 million in residential sales during the third week of April

TRD Insights: These were all the resi deals in NYC last week

TRD Insights: These were all the resi deals in NYC last week
Though social distancing measures are hampering deal activity, more than $600 million in property trades hit records last week, according to the latest TRD Insights analysis 

NYC saw $600M+ in sales transactions last week: TRD Insights

NYC saw $600M+ in sales transactions last week: TRD Insights
New listings are down in what is usually the busiest season for home buyers. (Credit: iStock)

Coronavirus dents home-buying season as new listings plummet

Coronavirus dents home-buying season as new listings plummet
In Brooklyn and Queens, the number of homes on the market have fallen (Credit: iStock)

Brooklyn, Queens home sales grew as inventory plummeted last quarter

Brooklyn, Queens home sales grew as inventory plummeted last quarter
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...