David Mugrabi has finally unloaded his Upper East Side townhouse at the center of his contentious divorce from ex-wife Libby Mugrabi.
The billionaire art dealer sold the home at 12 East 82nd Street to an unnamed buyer for $41 million, according to public records. The 12,000-square-foot home is on the market in December 2021 for $52 million.
Adam Modlin of The Modlin Group is listed.
Libbie filed the lawsuit during the estranged couple’s divorce proceedings in 2018, alleging that David was executing a scheme to remove her from his ownership stake in the property they purchased as their primary residence.However, the Manhattan Supreme Court justice ruling He couldn’t stop David from seeking $72 million for the townhouse because it was owned by a limited liability company.
A limited liability company funded by David’s father bought the townhouse for $15 million in 2013, and the couple spent $57 million on renovations in the years leading up to their divorce. The seven-storey residence has four bedrooms, over seven bathrooms, and includes a garden, roof terrace and terraces on each floor.
David and Libbie wrap up a New York worst divorce ever When they finalized their settlement in November 2020, the former couple went back to court The following spring, David claimed that Libby had not kept their agreement. Their partial settlement calls for Libby to return him 16 pieces of art and two sports cars.
Libby is expulsion In December 2022, she was at her Upper East Side apartment after developer David Mitchell said she owed him nearly $1.5 million. Libbie stopped paying her $28,000-a-month rent between April and August 2020 — at which point she was nearly $150,000 in arrears — but the eviction moratorium saved her from being evicted from Yorkville, court documents say. Park Building.
At the time, Libby claimed she moved out two years before her eviction and owed Mitchell nothing, claiming he took legal action to harass her.
The Mugrabi family is one of the largest collectors of Andy Warhol, and when the former couple filed for divorce, their art estate was worth an estimated $5 billion.
