International businesswoman Sheri Izadpanah may be the owner of the luxury condominium at One57 [TRDataCustom] that’s become the first pad on Billionaires’ Row to face foreclosure.
Izadpanah, who snagged the apartment two years ago, operates a high-end lifestyle concierge company in Dubai called Louis Fourteen, the New York Post reported. She is also the associate editor of a Dubai fashion magazine, Mojeh. The magazine was founded by Iranian socialite Mojeh Izadpanah, who may be a relative, according to the Post.
The June 14 foreclosure auction is a rarity in the world of uber-luxury pads and at One57, which is home to the city’s most expensive apartment, the $100.5 million penthouse.
According to the Post, Izadpanah may have purchased unit 56C through an LLC called Central Park Immobilier, which paid $21.4 million in 2015, property records show. There’s a lien on the property for $20.9 million plus interest and costs. Larry Tetelman, an attorney for Central Park Immobilier, declined to comment.
The four-bedroom pad, which measures 3,466 square feet, has been on the market for more than a year with an asking price of $22.5 million. Platinum Properties’ Khashy Eyn is marketing the pad with Cash Bernard. [NYP] — E.B. Solomont
(To view residential sales transactions at One57, click here)