News

Real Estate News - Property News

Paul Manafort’s Seized SoHo Loft Lands on the Market for $3.6M

Paul Manafort’s Seized SoHo Loft Lands on the Market for .6M

Bill O’Leary/The Washington Post via Getty Images

Jailed political operative Paul Manafort‘s loft in New York City’s swanky SoHo neighborhood is being sold off by the U.S. Marshals Service for $3,663,000.

The unit is one of five properties Manafort owned that were seized by the federal government as part of a plea deal he reached with prosecutors in 2018. According to NBC News, a judge ordered the forfeiture of this property on May 22. The home landed on the market a week later.

Built in 1895, the building on Howard Street includes five separate units. Manafort’s two-bedroom, two-bathroom, 2,000-square-foot condo on the fourth floor is accessed by a key-locked elevator that opens into the sitting room.

The apartment has been recently renovated, and its interior highlights include an open floor plan, wood-burning fireplace, new walnut floors, central A/C, a new kitchen, new baths, in-unit washer and dryer, and plenty of storage.

Living

realtor.com

Kitchen

realtor.com

Main bath

realtor.com

Once the campaign manager for Donald Trump, Manafort pleaded guilty to one count of conspiracy against the United States and to another for conspiracy to obstruct justice. Other properties forfeited by Manafort include two additional pricey Manhattan apartments, a Brooklyn brownstone, and a more than $7 million home in the Hamptons, according to The New York Post.

This property was mentioned specifically in a recent trial in Virginia. It was alleged that Manafort was committing mortgage fraud by asking his daughter and son-in-law to say they were living in the unit, when it was rented out on Airbnb for more than a year.

It’s the only one of Manafort’s seized properties that has been listed for sale thus far.

Now, it belongs to the taxpayers, and the income-generating rental once owned by the president’s closest adviser—with its own dubious spot in American history—can be yours for the right price.

The post Paul Manafort’s Seized SoHo Loft Lands on the Market for $3.6M appeared first on Real Estate News & Insights | realtor.com®.

Source: Real Estate News and Advice – realtor.com » Real Estate News

Translate »