A SoHo condo is a great find any day of the week, but when it the seller is the federal government there is just an extra layer of intrigue in the property. U.S. Marshalls have listed the first of five New York properties seized under the plea deal with Paul Manafort, the former Trump campaign manager now in prison for tax and bank fraud crimes. Asking $3.663 million, this 2,060 square foot condo at 29 Howard Street has been in the news all over again as new charges were filed against Manafort for residential mortgage fraud. Prosecutors allege he asked his daughter and son-in-law to falsely claim they were living in this unit when he listed it as an asset when he applied for a $3.4 million loan. In fact condo was actively listed on the short-term rental site Airbnb at the time, earning anywhere from several hundred dollars a night to $16,325 for a 21-night stay by five guests.
There are scant few photographs available to the public on the U.S. Marshall’s site so it’s just the description that can give you an idea of what the property offers. A private elevator opens directly into the living room with wood-burning fireplace and nearby the newly-renovated kitchen has stone and stainless steel features to brag about (no word on the brands of the appliances). The 5-unit building was built in 1895 and still has a few of the exposed brick walls and large windows. Newer additions include walnut floors, central air conditioning, a marble master bathroom with steam shower, soaking tub, Waterworks fixtures and Urban Archaeology tiles.
This is the only active sale in the building and will also be one of its more expensive sales, according to public records via Streeteasy. Higher priced units have sold years ago, including the three-bed, three-bath penthouse in 2010 for $4.95 million and another three-bed, three-bath for $4.2 million in 2007. Several of the units have a long rental history, with the most recent prices asking around $15,000 per month.
Monthly community fees are only $670 per month.
Manafort’s four remaining seized New York properties yet to listed for sale are a Brooklyn brownstone with seven bedrooms; a Little Italy three-bedroom condo; a 10-bedroom Hamptons; and a 1,500 square foot condo in Trump Tower that might have been a big reason why Manafort was hired by the Trump campaign in the first place.
For more information go to the U.S. Marshalls official listing site for the property.