U.S. government sells Time Warner Center penthouse seized from Jho Low for $23M

The entity Demcpat LLC paid the U.S. government which seized penthouse unit PH76B from Jho Low’s 80 Columbus Circle (NYC) LLC, $23 million for the condo unit at the Time Warner Center at 80 Columbus Circle in Lincoln Square. The deal closed on May 29, 2020, and was recorded on June 10, 2020. The transaction consists of 2 parcels, including the tax class high-rise condominium apartment/elevated, residential unit (R4) and containing 2 residential units. The property is 4,825 square feet.
The average sale price per square foot is $4,721.

The penthouse had been owned by Jho Low, accused of defrauding a Malaysian sovereign wealth fund. It was sold by the U.S government, which seized the apartment. The last time the property sold was July 6, 2011, for $30,550,000, when Low bought it.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 425 residential (or hotel) units on February 14, 2013.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link