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$51 million foreclosure of New York penthouse could be most expensive ever



A plush penthouse in one of New York’s most expensive buildings is headed to foreclosure, signaling new troubles for the high-end real-estate market.

The 6,200-square-foot, full-floor unit at One57 is scheduled to go to foreclosure auction next month, according to Bloomberg.

The apartment, known as Apartment 79, sold in 2014 for just under $51 million. The identity of the buyer is unknown because it was purchased through an anonymous limited liability corporation called One57 79 Inc. The LLC took out a loan from Luxembourg-based Banque Havilland in 2015. When the borrower defaulted, the bank forced a sale.

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