Residential
New York
Famed art dealer’s $20M co-op tops Manhattan luxury contracts
Trending
Trump Tower condo shielded from ex-wife up for auction
Art dealer Frederic Bouin kept Unit 34EF out of spouse's reach
Even in a hot market, Manhattan homes asking $4 million or more take an average of two years to go into contract. But soon, a luxury condo in Trump Tower could sell in two minutes.
Unit 34ER, a 2,200-square-foot apartment, will be auctioned June 8. No minimum bid is disclosed, but a previous listing asked $7.5 million. The contract price will be the winning bid plus a 5 percent “buyer’s premium.”
The residence, at 721 Fifth Avenue, belongs to Frederic Bouin, an art dealer who bought it in 1990 and kept the property despite a nasty divorce.
In 2018, his now ex-wife, Palm Beach socialite Gina DiSabatino, won a $6.2 million divorce judgment in Florida, but just two days after she served Bouin with the papers, he transferred the Trump Tower apartment, along with a Central Park South pad and an East 93rd Street unit, to a series of LLCs for just $10 apiece, the New York Post reported.
DiSabatino claims Bouin made the sales for “the express purpose of defrauding [her] and frustrating her ability to recoup the monies awarded to her,” the Post reported.
Read more
Residential
New York
Dumbo penthouse asking $4.9M tops Brooklyn’s luxury contracts
Residential
New York
Fashion designer sells $6M condo to mystery celeb
A lawyer for Bouin told the Post that he transferred the properties for liability reasons.
The unit has three bedrooms and two and a half bathrooms. It features an open floor plan with floor-to-ceiling windows that offer panoramic views of Central Park, the Plaza Hotel and Fifth Avenue.
Other features include Brazilian mahogany floors, custom-built cabinetry from Italy, an extended galley kitchen designed by Boffi, leather padded doors, walk-in closets, a bidet and a steam shower.
Amenities in the building include a gym, community recreational facility and parking.
The unit was listed by Bond New York in July 2021 for $7.5 million, but was pulled off the market in March after 270 days, according to the StreetEasy listing.
Maltz Auctions is overseeing the bidding. Bouin did not respond to requests for comment.
Recommended For You