Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Sultan A. Al Qasimi bought apartment for $14.25M, owes $334K

New York /
Sep.September 24, 2020 08:45 AM
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

“You are in danger of losing your home.”

That was the warning attached to a foreclosure action filed this week against Sheikh Sultan A. Al Qasimi, ruler of the Gulf emirate of Sharjah and owner of unit 2A at Zeckendorf Development’s 15 Central Park West.

Al Qasimi and his daughter, Bodour Al Qasimi, bought the 2,915-square-foot pad in 2014 for $14.25 million — about $4,888 per square foot — according to property records.

Lawyers representing Bank of New York Mellon and an affiliated trust allege that the family has since failed to pay the balance of a $334,101 tax lien sold to the trust in August 2019. The lawyers argue the parties have grounds to foreclose under the city’s Administrative Code and are asking the court to order the sale of the property, with proceeds going toward the debt.

The high-profile family is among many notable residents who have bought homes at the Robert A.M. Stern–designed condo building over the years. Others include Sting, Denzel Washington and fashion designer Elie Tahari.

The corner unit features three bedrooms, three-and-a-half bathrooms and large windows facing Central Park, according to StreetEasy.

The family could not be reached for comment. Fred Samuel, a lawyer who signed as for them in property records, did not respond to a request for comment. Representatives for Bank of New York Mellon also did not respond to requests for comment.





    Related Articles

    arrow_forward_ios
    Jeffrey Epstein with 9 East 71st Street and Courtney Ross with her penthouse at 7 Hubert Street (Getty)
    Jeffrey Epstein’s UES townhouse was priciest Manhattan deal last week
    Jeffrey Epstein’s UES townhouse was priciest Manhattan deal last week
    Unit 55B of Central Park South and Steve Roth of Vornado Realty Trust. (Compass, Vornado, Getty)
    220 Central Park South’s first resale in the works
    220 Central Park South’s first resale in the works
    President Joe Biden’s American Rescue Plan was passed over the weekend. (Getty / Photo Illustration by Kevin Rebong for The Real Deal)
    What real estate gets in Biden’s $1.9 trillion package
    What real estate gets in Biden’s $1.9 trillion package
    Vince Viola and 12 East 69th Street (Getty, Google Maps)
    Vince Viola’s massive UES townhouse in contract
    Vince Viola’s massive UES townhouse in contract
    (Getty, iStock)
    Movie theaters’ future uncertain as studios focus on streaming
    Movie theaters’ future uncertain as studios focus on streaming
    One57's unit 51B (left) and unit 32C with Extell’s Gary Barnett (One57 photos via StreetEasy)
    One57 resident pays $5.2M to swap 2-bed for duplex
    One57 resident pays $5.2M to swap 2-bed for duplex
    Rendering of Sonnen's ecoLinx home battery (Sonnen)
    Off the grid: Developers eye “virtual power plants” for properties
    Off the grid: Developers eye “virtual power plants” for properties
    Mack Real Estate CEO Richard Mack and one of his new hotels at 51 Nassau Street. (Getty, ING)
    Mack Real Estate takes over 7 distressed Manhattan hotels
    Mack Real Estate takes over 7 distressed Manhattan hotels
    arrow_forward_ios

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

    Loading...