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Oilman's Penthouse Back on Sale After Avoiding Foreclosure The Condo Can Be Yours at the Discount Price of $39M

Oilman's Penthouse Back on Sale After Avoiding Foreclosure
One57, at 157 West 57th Street (by Beyond My Ken, via Wikimedia Commons)

A luxurious penthouse condo at One57 that was owned by Nigerian oil tycoon Kola Aluko (who, according to The Daily Beast, reportedly dated supermodel Naomi Campbell, once held a birthday party for actor Leonardo DiCaprio, and rented a yacht to Jay-Z and Beyonce) is now for sale again, according to the New York Post.

The four-bed, four-and-a-half bath condominium on the 79th floor at 157 W. 57th St. has now been listed at $39 million. The unit was purchased by Aluko in 2014 for $51.9 million, but mired in accusations of tax evasion and legal probes by Nigerian and European authorities over alleged money-laundering and other financial improprieties, Aluko is not occupying the apartment, and may in fact be in hiding on his yacht, according to media reports.

An excerpted description of the unit, the listing for which is being handled by Compass is as follows:

“MOTIVATED SELLER!!! A once in a lifetime investment opportunity to purchase the last remaining full floor residence at Manhattan's New Crown Jewel, One57 Condominium, for a great value! Heralded as NYC's most prestigious address, One57 was designed by world renowned and Pritzker Prize winning architect Christian de Portzampar. Located in the heart of the city on the premier 57th street corridor, this new iconic tower sits steps away from Central Park and the most celebrated cultural and entertainment venues, restaurants and exclusive shopping in the world...To reach the pinnacle of gracious living, the bar has definitely been raised.”

Along with its views of Central Park and the Empire State Building, the 6,240-square-foot unit comes with a “23-foot dressing room...dual Grand Master bathrooms with custom designed floating vanities...radiant heat floors and walls of Italian Statuario marble slab,” and a “fabulous Chef's windowed center island kitchen is complete with breakfast/family room.” Among the building's amenities include a bike room, gym, swimming pool, and live-in super.

According to a Post story from last July, the U.S. government sought to seize Aluko's penthouse and yacht because they were allegedly purchased through a money-laundering scheme. At the time, the penthouse was in foreclosure and set to go to auction. The auction was canceled, however, and a source told the Post that the condo was “now being sold by a third party as an alternative to foreclosure.”

Curbed reported that this isn't the first time that One57 has had to deal with a foreclosure issue; a four-bedroom and four-and-a-half bath unit on the 56th floor previously faced foreclosure due to the owners' default on a $20.9 million loan.  

David Chiu is associate editor at The Cooperator. 

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