The former Trump campaign manager pleaded guilty to two criminal charges on Friday, and as part of his deal, forfeits pricey homes across New York.
In a bid to avoid a second trial — as well as part of a cooperation deal with Special Counsel Robert Mueller — former Donald Trump 2016 presidential campaign manager Paul Manafort pleaded guilty to two criminal charges on Friday, meaning the start of a new chapter in the ongoing investigations surrounding associates of President Trump.
What has come to end, however, is Manafort’s ownership over five different properties across Brooklyn, Manhattan and the Hamptons. According to court documents published on Friday, the U.S. federal government seized assets which included the residences as well as a number of bank accounts. The properties have a total estimated value of $22 million.
Previously featured on Inman, the Brooklyn brownstone at 377 Union Street was discovered by a curious blogger who noticed the stalled renovations on the property. Through her digging, local Katia Kelly found that $7 million in loans were taken out on home — worth only $4.1 million today according to Zillow and Trulia. This gave investigators part of what they needed to levy money laundering charges against the ex-campaign official.
Although it’s not on the market, it’s described as “dripping with detail” on Zillow. The townhome is about 4,200 square feet, has seven bedrooms and four working wood-burning fireplaces, read its profile, but it’s much more likely to be remembered for its role in dramatic developments since the 2016 presidential election.
377 Union Street designated by neighbors as a landmark for being “The House That Brought Down a President” pic.twitter.com/GV3dAe2e5d
— David Carroll 🦅 (@profcarroll) November 1, 2017
The second location seized by the feds was the 2,150 square feet 29 Howard Street, Apartment 4. According to Zillow, today’s it’s worth around $3.2 million with an estimated rental value of $14,000 a month.
Previously covered by Inman, the SoHo property was another location in the focus of federal investigators in Manafort’s no-longer-alleged money laundering schemes.
Less information was available for the final two assets.
According to Zillow and Trulia, Manafort’s property in the luxurious Hamptons portion of Long Island, located 174 Jobs Lane in Water Mill, New York, is a 2001-built, 5,574-sqare-foot, 10-bedroom, six-bathroom manse worth about $7.2 million. Beyond Google Maps photography and a Google Street View of a very tall hedge, there are not many more details publicly available — fitting for a property out at the more secluded end of Long Island.
The other included in the court docs was a 2,618-square-foot, single-family home at 1046 N. Edgewood in Arlington, Virginia, just outside of Washington, D.C. With a value of $1.6 million on Zillow and Trulia, this four bed and 2.5 bath has “stunning stone work on the front porch,” reads its online profile.
But there are locations associated with Manafort not included in the list of seized assets in Friday’s court docs which might still end up being important.
According to later reports on Twitter from Politico journalist Josh Gerstein, Manafort’s 123 Baxter Street apartment, valued on Zillow to the tune of $4 million, will be substituted for the property in Virginia.
Weissmann just said Manafort has agreed to forfeit his Trump Tower apartment and another on Baxter Street in NY. That provision is not in the paperwork filed publicly this morning.
— Josh Gerstein (@joshgerstein) September 14, 2018
There is also Manafort’s apartment in his former boss’s building, Trump Tower on 5th Ave in Manhattan, which, according to a Dec. 2017 Vanity Fair article, Manafort valued at $6 million (after mortgage of $3.6 million). It will be seized instead of a Charles Schwab securities account, according to Gerstein.
The condo is 1,509 square feet and located at 721 5th Ave, Apt. 43G, according to Bloomberg.
Included to the same Vanity Fair report, though, was that the amount was found to be contentious.
“According to prosecutors, the apartment’s current value is no more than $2.7 million, which means that when the mortgage is factored in, it has a negative value,” read the piece.