The Real Deal New York

Wife of drug lord flipped Harlem co-op at a 172,000% markup

Manhattan DA's office is trying to seize the money: court documents
March 18, 2016 01:45PM


101 West 115th Street in Harlem via Google Maps

The old saw is that crime doesn’t pay, but that doesn’t stop people from trying. The Manhattan District Attorney’s office is looking to seize the over $400,000 in profits a drug boss’ wife made after flipping her co-op pad she purchased from the city for $250.

In 2004, Nicole McNair-Moultrie bought a three-bedroom apartment at 101 West 115th Street in Harlem from the city’s Department of Housing and Preservation Development. The city program aimed to increase ownership for low- and middle-income families.

Her husband, Lamont Moultrie, used the building as a base for a large drug-selling operation, according to court documents. After a 15-month investigation, Moultrie and the 35 members of his drug crew were busted in January 2012, DNAinfo reported.

During the raid, agents found 7.3 gallons of PCP worth $4.7 million in an empty apartment next to the Moultries’ unit, and prosecutors estimated the operation brought in $1.5 million in PCP sales, according to court documents. Lamont Moultrie pleaded guilty to manslaughter and operating a major drug ring while his wife pleaded guilty to conspiracy charges, DNAinfo reported.

McNair-Moultrie served three and a half years. After she was paroled in late 2014, she sold the apartment to an East Harlem teacher for $430,000 in January 2015, according to records.

“Nicole Moultrie is now out of prison and able to enjoy the fruits of her husband’s drug trade,” Lynn Goodman, a prosecutor, wrote in the petition for civil forfeiture. [DNAinfo]Dusica Sue Malesevic