marc dreier

Marc Drier's One Beacon Court Apartment To Be Auctioned Off Too

Filed under: Real Estate Developments, Crimes and Misdemeanors

Last week we brought you the yacht and vacation homes of money-laundering lawyer Marc S. Dreier. Now Bloomberg reports that he will also lose his luxury condo at Manhattan's One Beacon Court. Dreier is currently confined under armed guard at the residence. He is being sentenced for charges of money laundering, conspiracy, securities fraud and wire fraud on July 13 and the auction will be held by David R. Maltz & Co. on July 21. Drier paid $10.4 million in 2007 for the four-bedroom unit. Drier's schemes cost his victims $400 million and he could face a life sentence. Cityfile has a tour of the apartment from before Drier moved in.

One Beacon Court, also known as the Bloomberg Tower because it is the headquarters of Bloomberg LP, was designed by architect Cesar Pelli. It nicludes a fitness center, business center, children's playroom and more for which you'll spend over $4,000 in monthly common charges. There are many units for sale in the building including the one belonging to Formula 1 boss Flavio Briatore listed for $25 million.

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Tags: apartment, manhattan, marc dreier, MarcDreier, new york city, NewYorkCity, one beacon court, OneBeaconCourt

Marc Dreier's Assets Up For Sale For A Discount

by Deidre Woollard (RSS feed) —

Filed under: Estates, Yachts & Sailing, Wealth

How bad is it out there for yachts? Even federal authorities can't sell yachts it obtains from fraudsters. Malcolm MacLean at Boat International has learned that Camper & Nicholsons has dropped the price on Seascape, the 123-foot Heesen yacht once owned by lawyer Marc Dreier. Earlier this month Dreier pleaded guilty to eight charges related to a scheme to sell $700 million in fictitious promissory notes. His yacht Seascape was listed at $13.5 million but now the yacht, which has five cabins and cruises at 26 knots, can be yours for $12.5 million. The listing is here.

The NY Times also reports that two luxury Hamptons properties with ocean views belonging to Dreier will go up for auction next month. The homes in East Quogue, New York will be auctioned off on June 17 through Maltz Auctions and could bring in over $12.5 million. The larger home is an eight-bedroom oceanfront retreat and requires a $400,000 deposit. The smaller home is a four-bedroom vacation getaway with a $100,000 deposit. In better times both the yacht and the beach homes would have brought in more money. The yacht has been described as being worth at least $18 million and Hamptons real estate has cooled over the past year.

Gallery: Seascape Yacht