A Nigerian man debarred $50.9m Billionaires’ Row penthouse
It’s a swanky pad that could become the biggest residential foreclosure in New York history, The Post has learned.
The Nigerian hasn’t been paying his bills on the $50.9 million luxury condo, and a European bank is forcing a sale next month but amidst unpaid mortgage that came due last fall, Aluko also has been racking up maintenance fees and taxes on the property and it is alleged that he has not been seen for some time, prompting speculation that he is hiding out on the Galactica Star.
The boat which Aluko rented to Jay Z and Beyoncé in 2015 for $900,000 a week was last registered in Free port, Bahamas, on May 3, but is currently out of range, yacht trackers said.
Sources reported that Kola appeared with the yacht at the ill-fated Ja Rule Fyre Festival music event in the Bahamas in late April.
Prior to that, the Galactica Star left Cabo last year and was briefly berthed in Turkey, records show.
The Nigerian is also close pals with Leonardo DiCaprio whom he partied with during his birthday celebration in New York in 2013 but Aluko’s Representatives confirmed at the time that he had made a large donation to DiCaprio’s environmental charity.
Lately, Aluko has been dodging Nigerian authorities, who in February tried to freeze his assets including the apartment as part of a money-laundering probe.
Aluko, who claims Switzerland as his residence, was among those who allegedly obtained lucrative contracts from Nigeria’s former oil minister, who has also been accused in a $1.76 billion scheme to defraud the government of oil sale profits that both have denied.
The alleged plot may have parked the money in assets around the world, including jets, automobiles and pricey real estate in London, Sweden, Dubai, New York and California. Aluko has been busy flipping many of the expensive properties he’s bought.
In Montecito, Calif., Gwyneth Paltrow paid Aluko an undermarket $4.9 million for a 2.4-acre estate that was equipped with a massive pool. In 2012, Aluko paid $14.7 million for an 11,478-square-foot manse in Beverly Hills that was rented to Ariana Grande.
The singer had to leave when Aluko sold it for just $13 million in 2016.
More recently, a shell company controlled by Aluko has been trying to unload an apartment at 1049 Fifth Ave., which it bought for $8.5 million in 2013. The apartment, whose two combined units boast four bedrooms and four bathrooms, a maid’s apartment and two storage units, has liens on it of more than $20,000, and it owes $61,000 in taxes to the city as of July 1.
Luxury skyscraper One57, built by real estate mogul Gary Barnett’s Extell Development, holds the sales record for a full-floor apartment, with one unit that sold for $100.5 million. But with lots of competition from new Billionaires’ Row towers, including 432 Park Ave., it has become harder to sell and rent mega-priced condos.
New York times reports