Former HFZ govt Ziel Feldman is taking one other shot at promoting his Higher East Aspect house as he relaunches his actual property profession.
Feldman and his spouse, Helene, listed their triplex on the Marquand for $27.5 million, Curbed reported. The providing on the 6,200-square-foot unit breaks right down to $4,435 per sq. foot.
Feldman beforehand listed the penthouse in 2020 for $39 million, however by no means bought the place. The Marquand is a Beaux Arts mansion that HFZ converted into 40 condominiums in 2013; a company entity tied to Feldman took ownership of the penthouse in 2018, based on property information, and obtained a $19.8 million mortgage from Financial institution of America in 2019.
When the Marquand debuted in 2013, the penthouse was listed for $46 million.
The five-bedroom unit accommodates expansive widespread areas, distinctive finishes and a couple of,600 sq. ft of outside house. The second ground consists of two house places of work, one with built-in bookshelves. A 700-square-foot terrace on the second ground has an indoor-outdoor hearth, summer season kitchen, eating space and fireplace pit. There’s additionally a sunroom and a 256-square-foot terrace on the third ground.
Douglas Elliman’s Madeline Hult Elghanayan and Sabrina Saltiel have the itemizing and didn’t reply to a request for remark from the publication. Feldman didn’t instantly reply to a request for remark from The Actual Deal.
Feldman spearheaded HFZ because it rose to the higher echelons of New York actual property corporations within the 2010s. The agency was greatest recognized for the ground-up improvement of The XI in West Chelsea, one of many largest luxurious condominium developments in Manhattan on the time. HFZ purchased 76 eleventh Avenue, the location for the XI, for $870 million, then essentially the most ever paid for land in New York Metropolis.
That mission imploded in the course of the pandemic when building paused. Feldman fired his second-in-command, Nir Meir, earlier than the tip of 2020 and the mission went into foreclosures the next summer season.
Prosecutors later charged Meir with grand larceny and defrauding town out of $15 million in taxes. Meir allegedly moved a whole lot of thousands and thousands of {dollars} out of accounts designated for HFZ’s initiatives, solely to return the cash with vital shortfalls.
Meir was charged with spearheading an $86 million fraud scheme. He was arrested in Miami in early 2024 and spent a 12 months on Rikers Island after he was unable to publish bail; he awaits trial immediately.
Feldman, in the meantime, has quietly taken a role at GoodHomes, a platform centered on inexpensive and workforce housing, which counts Feldman’s daughter among the many co-founders.
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