Just under $51 million from the sale of Jeffrey Epstein’s Manhattan mansion was transferred Thursday to the estate and payment fund of the alleged victims of the sex trafficker, real estate attorney Dan Weiner told Forbes.
A spokesman for the victims’ fund showed that the cash had been won after the sale closed on Tuesday and rejected the unpaid amount of his most recent replenishment request. It was reported in the past that the victims’ fund did not have enough cash to pay the claims, having paid about $55 million to more than 150 accusers. The sale was facilitated through Adam Modlin of the Modlin Group.
The extensive 28,000-square-foot neoclassical mansion on nine East 71st St. it is the site of some of Epstein’s alleged sexual abuse of underage girls, according to several women who have advanced years and decades after their interactions with the disgraced financier. agents broke into space after Epstein’s arrest in 1991, discovered “an ordinary volume” of “naked and semi-naked” photographs of underage girls, among other questionable elements. At Epstein’s heyday, the décor of urban space was decidedly eclectic, with rows of eyeballs framed separately, a taxidermy poodle and a tiger, and a depiction of former President Bill Clinton dressed in a dress.
It is the stain of this dark saga that haunted the sale of the building, according to a genuine New York real estate agent familiar with the luxury market. The mansion opted for what it called “a scandal reduction” on its initial value of $88 million. , because of Epstein’s dishonorable reputation, he said more than the coronavirus pandemic. “I had buyers who didn’t need to dwell on assets on principle. They didn’t need to enter space and were afraid of the association. “
The client’s identity remains unknown, however, NestSeekers International’s genuine real estate agent, Tal Reznik, told Forbes that an LLC (a type of phantom company) had been used to make the purchase. CLLLs are not an unusual way for customers to hide their identity, at least for now. “It’s funny when other people [use SARL],” he says. ” You’re going to call contractors, decorators, business partners, friends, engineers, inspectors. How long will it remain in secret?”
Weiner said he may simply not reveal the buyer’s identity. A spokesman for Epstein’s Victims Compensation Fund told Forbes that his program was independent of Epstein’s estate and showed they did not have the buyer’s wisdom. being able to make decisions and process bills from February 21, when they were suspended, continues to settle for new programs until March 25.
The sale is one of three sales of more than $20 million in Manhattan over the following year, according to Christie’s genuine foreign real estate agent, Erin Boisson Aries, who called it “noisy” given the limited number of sales at that price. The location of the mansion in “one of the most beautiful blocks of townhomes” a few steps from Central Park was a major asset to the property, despite its history. “If there is one thing we have learned, the appetite for masterpieces is strong. And you can consider the nine East 71st as a masterpiece. “
Epstein’s other houses have still been sold. They come with their “Zorro” ranch in New Mexico, their Parisian pied-a-terre and their personal island in the U. S. Virgin Islands, called Little St. James. sold for some time, as it is the subject of a lien through the territory’s Attorney General in an organized crime case opposed to the executors of the estate. Her Palm Beach home is under contract with developer Todd Michael Glaser, who plans to demolish it.
Lisette Voytko is a wealthy journalist in Forbes magazine, which focuses on the world’s billionaires and richest people. Previously at the new Forbes news table.
Lisette Voytko is a wealthy journalist in Forbes magazine, which focuses on the world’s billionaires and richest people. Previously, at The Most Recent Forbes News desk. He holds a master’s degree from Columbia University School of Journalism. Also noted in: Gotham Gazette, Bklyner, Thrillist, Task
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