Feds put Manafort’s Soho condo up for sale with $3.6M asking price

Home is part of a $22M real estate portfolio Uncle Sam seized from Trump’s former campaign manager

TRD New York /
Jun.June 06, 2019 06:03 PM
Paul Manafort and 29 Howard Street (Credit: Getty Images)

Paul Manafort and 29 Howard Street (Credit: Getty Images)

Federal authorities have put Paul Manafort’s Soho loft up for sale with an asking price of more than $3 million.

The fourth-floor loft at 29 Howard street is part of a $22 million real estate portfolio that the federal government seized as part of a deal that President Trump’s former campaign chairman cut when he pleaded guilty to a pair of conspiracy charges last year.

The U.S. Marshal service put the Soho condominium up for sale with an asking price of $3.66 million, the New York Post reported. According to testimony from Manafort’s federal trial, the campaign chief told his daughter and son in law to pretend they had been living in the condo, when in reality it was being rented out on Airbnb.

Halstead agent Ari Harkov told the Post that, based on photos from the condo’s listing, the $3.66 million price tag may be more than buyers are willing to pay.

He said the unit’s dropped ceilings and “suburban”-looking kitchen don’t fit the taste of Manhattan loft buyers.

“It’s fine, it’s livable, but it probably needs some work,” Harkov told the publication.

The Soho condo is part of a portfolio feds seized including a Carroll Gardens brownstone at 377 Union Street that could sell for $3.7 million, an apartment at Trump tower valued at an estimated $2.4 million and a loft near the border of Chinatown and Little Italy at 123 Baxter Street that could go for $3.8 million.

Halstead’s Harkov, who has sold units at the Baxter Street building, said that the Manafort name may turn buyers away. He pointed to shoppers who said they didn’t want to buy a Williamsburg property owned by Jared Kushner because they didn’t want to put money into his family’s pocket.

“I think there are buyers who wouldn’t buy it or would be less interested because of it,” he said.

Manafort was sentenced in March to 73 months in prison – a term he could serve out in federal prison in Pennsylvania or the jail complex on Rikers Island. [NYP]Rich Bockmann


Related Articles

arrow_forward_ios
560 Broadway (Google Maps)

Aritzia to take over Dean & Deluca’s former Soho shop

Aritzia to take over Dean & Deluca’s former Soho shop
Soho retailers have boarded up their stores and packed stock into trucks after looting broke out in the area Sunday.

Soho retailers assess damage after looting

Soho retailers assess damage after looting
Former Twitter CEO Dick Costolo (right) and Lorin Costolo with 136 Grand Street (Credit: Costolo via Jesse Grant/Getty Images; Google Maps)

Former Twitter CEO scores sprawling Soho co-op for $8M

Former Twitter CEO scores sprawling Soho co-op for $8M
Michael Shvo, Thor Equities’ Joe Sitt, Wharton Properties’ Jeff Sutton and 530 Broadway

Michael Shvo closes on Soho retail building for $382M

Michael Shvo closes on Soho retail building for $382M
Abercrombie and Fitch CEO Fran Horowitz and an aerial view of 600 Broadway, blocked by 606 Broadway (Credit: Getty Images, Google Maps)

The curious case of 600 Broadway

The curious case of 600 Broadway
From left: Savanna’s founding partners, Christopher Schlank and Nicholas Bienstock, Tokyo Trust Capital CEO Minoru Machida and 434 BroadwayFrom left: Savanna’s founding partners, Christopher Schlank and Nicholas Bienstock, Tokyo Trust Capital CEO Minoru Machida and 434 Broadway

Savanna sells Soho office building for $103M to Tokyo-based firm

Savanna sells Soho office building for $103M to Tokyo-based firm
591-593 Broadway (Credit: Google Maps)  

Another pricey retail building in Soho is up for sale

Another pricey retail building in Soho is up for sale
136 Grand Street, #3WR

Buyer nabs $8.8M co-op with mirrored room, stripper pole

Buyer nabs $8.8M co-op with mirrored room, stripper pole
arrow_forward_ios

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

Loading...