A saga revolving round a socialite’s Hamptons residence got here to a surprising conclusion at a latest public sale.
Henry Ikezi, who waged a failed bid to unseat Queens borough president Donovan Richards final 12 months, gained an public sale for Libbie Mugrabi’s 11,000-square-foot Bridgehampton residence at 486 Center Line Freeway, the New York Publish reported. Ikezi’s successful bid was $5.86 million.
The public sale, which unfolded final month, was stuffed with twists and turns, full with locals and City Corridor staff gawking on the scene.
Mugrabi’s sister, Mia Rowe, initially appeared to have claimed the successful bid with $7.8 million. However after leaving the public sale, supposedly left to go to a financial institution to get a verify for the deposit, she by no means returned. A household good friend of the Mugrabis additionally warned Libbie would “by no means depart that home.”
Finally, Ikezi’s brother, Stanley, submitted the successful bid and put down the mandatory deposit to finish the occasion. Ikezi probably has between 30 and 45 days to shut on the acquisition, then wants to determine methods to get Mugrabi out if she doesn’t depart on her personal volition.
Mugrabi didn’t return a request for remark from the outlet. Ikezi, who could have additionally been the rent-stabilized tenant evicted from his residence a decade in the past for attempting to checklist it on Airbnb, declined to remark.
Mugrabi gained possession of the property following a 2020 divorce settlement with billionaire art collector David Mugrabi. She claimed to have obtained $100 million within the break up.
Mugrabi beforehand admitted to lacking funds on a $3.5 million mortgage backing the Bridgehampton abode. The lender, an affiliate of REO Belongings, began an possession spat with Mugrabi, resulting in an settlement that the socialite would promote the house by Aug. 25. She listed it for $25 million, however didn’t discover a purchaser.
Mugrabi’s lawyer says his consumer is behind by a minimum of $9 million on the mortgage and owes much more when contemplating authorized charges. She’s contemplating chapter.
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