The Real Deal New York

Arlene Farkas’ 14-room duplex headed to auction block

Public foreclosure to follow co-op board's thumbs down on deal with French government
August 21, 2014 12:40PM

Department store heir Bruce Farkas’ ex-wife’s apartment is up for a public foreclosure auction.

Arlene Farkas defaulted on more than $6 million in mortgage payments last year. At the last minute, she struck a deal with the French government to sell her River House unit for $7.8 million. The co-op board, however, didn’t approve that plan, claiming the French ambassador’s noisy parties would disrupt the peace and quiet at the building at 453 East 52nd Street, the New York Daily News reported.

Now, the duplex is about to be auctioned, according to the paper.

The 14-room apartment  includes a formal dining room, a breakfast room and maid’s quarters. It’s listed for $8.2 million. [NYDN] — Claire Moses