{"id":23464,"date":"2016-08-05T03:59:11","date_gmt":"2016-08-05T07:59:11","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=23464"},"modified":"2016-08-16T05:18:48","modified_gmt":"2016-08-16T09:18:48","slug":"chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/","title":{"rendered":"Chelsea Penthouse Is Up for Auction – Lien Amount $800K below Market Value"},"content":{"rendered":"

2,300-square-foot Chelsea penthouse in a modern condo building goes to auction on August 24, with a lien of $3.8M. The auction will take place at 2:15 PM at 60 Centre Street, Room 130, New York City.<\/em><\/p>\n

Manhattan foreclosures<\/a> are a rare bird, and penthouses up for auction even more so. One such\u00a0uncommon case is that of\u00a0Unit PH12G<\/a>, located at the top of a modern condominium in lower Chelsea. The penthouse spans almost 2,300 square feet and was bought in 2004 for $2.2M by Doctor Glenn N. Ledesma, a dermatologist based in Beverly Hills, Ca. A Lis Pendens was first filed by Citibank in 2009, and renewed twice, for the sum of $2.7M. Meanwhile, the owner was arrested in 2015\u00a0for insurance fraud <\/a>in his practice in California, so finally, last month, a date was set for auction.<\/p>\n

A Comps search we ran on the property estimated a current market value of around $4.6M, significantly higher than the lien of $3.8M recorded in the legal notice. Furthermore, Halstead listed another penthouse in the building<\/a> for $15,000 per month, while the most recently sold penthouse in the building, unit PHE<\/a>, went for $4.3M in 2012.<\/p>\n

The condo building<\/a> is part of the Campiello Collection, a residential complex developed by El-Ad\u00a0in 2001, counting\u00a049 units, alongside amenities such as a fitness center, parking space and a private courtyard with a garden.<\/p>\n

 <\/p>\n

\"Forc_Chelsea_aug2016\"<\/a>

151 West 17th Street<\/p><\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

2,300-square-foot Chelsea penthouse in a modern condo building goes to auction on August 24, with a lien of $3.8M. The auction will take place at 2:15 PM at 60 Centre Street, Room 130, New York City. Manhattan foreclosures are a rare bird, and penthouses up for auction even more so. One such\u00a0uncommon case is that…<\/p>\n","protected":false},"author":45,"featured_media":23471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[381,283],"tags":[],"class_list":["post-23464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manhattan-foreclosures","category-new-york-foreclosures"],"yoast_head":"\nChelsea Penthouse Is Up for Auction - Lien Amount $800K below Market Value - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chelsea Penthouse Is Up for Auction - Lien Amount $800K below Market Value\" \/>\n<meta property=\"og:description\" content=\"2,300-square-foot Chelsea penthouse in a modern condo building goes to auction on August 24, with a lien of $3.8M. The auction will take place at 2:15 PM at 60 Centre Street, Room 130, New York City. Manhattan foreclosures are a rare bird, and penthouses up for auction even more so. One such\u00a0uncommon case is that…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-05T07:59:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-08-16T09:18:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/08\/Forc_Chelsea_aug2016_mic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"289\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adela Muresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adela Muresan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chelsea Penthouse Is Up for Auction - Lien Amount $800K below Market Value - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/","og_locale":"en_US","og_type":"article","og_title":"Chelsea Penthouse Is Up for Auction - Lien Amount $800K below Market Value","og_description":"2,300-square-foot Chelsea penthouse in a modern condo building goes to auction on August 24, with a lien of $3.8M. The auction will take place at 2:15 PM at 60 Centre Street, Room 130, New York City. Manhattan foreclosures are a rare bird, and penthouses up for auction even more so. One such\u00a0uncommon case is that…","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2016-08-05T07:59:11+00:00","article_modified_time":"2016-08-16T09:18:48+00:00","og_image":[{"width":289,"height":200,"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/08\/Forc_Chelsea_aug2016_mic.jpg","type":"image\/jpeg"}],"author":"Adela Muresan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adela Muresan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/","name":"Chelsea Penthouse Is Up for Auction - Lien Amount $800K below Market Value - PropertyShark Real Estate Blog","isPartOf":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/#primaryimage"},"image":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/#primaryimage"},"thumbnailUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/08\/Forc_Chelsea_aug2016_mic.jpg","datePublished":"2016-08-05T07:59:11+00:00","dateModified":"2016-08-16T09:18:48+00:00","author":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/ad526b5abfeb3ccae48da2359441f462"},"breadcrumb":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/#primaryimage","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/08\/Forc_Chelsea_aug2016_mic.jpg","contentUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/08\/Forc_Chelsea_aug2016_mic.jpg","width":289,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/08\/05\/chelsea-penthouse-is-up-for-auction-lien-amount-800k-below-market-value\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/"},{"@type":"ListItem","position":2,"name":"Chelsea Penthouse Is Up for Auction – Lien Amount $800K below Market Value"}]},{"@type":"WebSite","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/","name":"PropertyShark Real Estate Blog","description":"Market Reports for Real Estate Writers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/ad526b5abfeb3ccae48da2359441f462","name":"Adela Muresan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ca3b2a93f3858ab851fc1b7bbccec9bc23f5a3f25a9580e6831601d50373a98b?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca3b2a93f3858ab851fc1b7bbccec9bc23f5a3f25a9580e6831601d50373a98b?s=96&d=retro&r=g","caption":"Adela Muresan"},"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/adela-muresan-2\/"}]}},"jetpack_featured_media_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2016\/08\/Forc_Chelsea_aug2016_mic.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/23464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=23464"}],"version-history":[{"count":9,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/23464\/revisions"}],"predecessor-version":[{"id":23551,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/23464\/revisions\/23551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media\/23471"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=23464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=23464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=23464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}