A saga revolving round a socialite’s Hamptons dwelling got here to a surprising conclusion at a latest public sale.
Henry Ikezi, who waged a failed bid to unseat Queens borough president Donovan Richards final yr, received an public sale for Libbie Mugrabi’s 11,000-square-foot Bridgehampton dwelling at 486 Center Line Freeway, the New York Put up reported. Ikezi’s successful bid was $5.86 million.
The public sale, which unfolded final month, was filled with twists and turns, full with locals and City Corridor workers gawking on the scene.
Mugrabi’s sister, Mia Rowe, initially appeared to have claimed the successful bid with $7.8 million. However after leaving the public sale, supposedly left to go to a financial institution to get a verify for the deposit, she by no means returned. A household buddy of the Mugrabis additionally warned Libbie would “by no means depart that home.”
Finally, Ikezi’s brother, Stanley, submitted the successful bid and put down the required deposit to finish the occasion. Ikezi probably has between 30 and 45 days to shut on the acquisition, then wants to determine methods to get Mugrabi out if she doesn’t depart on her personal volition.
Mugrabi didn’t return a request for remark from the outlet. Ikezi, who might have additionally been the rent-stabilized tenant evicted from his dwelling a decade in the past for attempting to checklist it on Airbnb, declined to remark.
Mugrabi gained possession of the property following a 2020 divorce settlement with billionaire art collector David Mugrabi. She claimed to have obtained $100 million within the cut up.
Mugrabi beforehand admitted to lacking funds on a $3.5 million mortgage backing the Bridgehampton abode. The lender, an affiliate of REO Belongings, began an possession spat with Mugrabi, resulting in an settlement that the socialite would promote the house by Aug. 25. She listed it for $25 million, however didn’t discover a purchaser.
Mugrabi’s lawyer says his consumer is behind by not less than $9 million on the mortgage and owes much more when contemplating authorized charges. She’s contemplating chapter.
Learn extra
Court upholds decision to evict rent-stabilized Airbnb host
Billionaire art dealer sells UES townhouse for $41M
Sleepless somewhere else? Meg Ryan lists Bridgehampton home
