US Marshals to auction Aby Rosen’s longtime UES home

Sale to settle judgement against his landlord, the African nation of Niger

New York /
May.May 23, 2017 08:30 AM

Aby Rosen’s longtime home, a limestone townhouse he leases at 5 East 80th Street, is to be auctioned off by the U.S. Marshals Service in June, following a massive judgement issued against his landlord.

Rosen has rented the property for about 15 years and even reportedly married his wife Samantha Boardman on its rooftop terrace in 2005. The building was formerly home to Imelda Marcos.

In January, a New York judge ruled that a company with a judgement against the property’s current owner, the African nation of Niger, could seize it. The creditor, Africard, reportedly won an award against the country three years ago after Niger failed to honor a contract for the production and sale of identity cards. The house was deemed to be the poor country’s largest asset.

The property will be auctioned June 27 with a minimum starting bid of $15 million, well below its market value.

Sources said Rosen has the right to bid on the property, though Africard has formally tapped George Vanderploeg of Douglas Elliman to market it to the masses. With Rosen’s lease still in effect — he has renewal options through 2032 — the property will likely appeal predominantly to long-term investors, sources said.

Vanderploeg said that, were the property vacant, it could sell for in excess of $40 million.

One person familiar with the deal said that Rosen pays well below market rate rent for the house — a source quoted just $23,500 a month — and plowed several million dollars of his own money into renovating it.

The 25-foot-wide, six-story building spans 12,000 square feet and has its own elevator, according to the listing.

Rosen TRData LogoTINY didn’t immediately respond to a request for comment.


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