Billionaire real estate mogul Michael Fuchs is listing his Hamptons estate on Meadow Lane for $44 million, following recent legal troubles that led to his eviction from the Chrysler Building. Fuchs, who acquired the property for $6 million in 2014, is selling the 3.2-acre estate that boasts luxurious amenities, including a heated pool and tennis court, along with 406 feet of Shinnecock Bay waterfront. The recent legal battle involved unpaid rents totalling over $21 million, culminating in a court ruling against his company, RFR Holdings, amid ongoing disputes with the Cooper Union landlord.
Fuchs' $44 million listing for his Hamptons estate comes as he faces eviction from the Chrysler Building after a severe legal battle regarding unpaid rent.
The estate features luxurious amenities, including a heated pool, tennis court, and 406 feet of water frontage, making it a rare opportunity in Southampton.
After purchasing the property for $6 million in 2014 from the Elgort family, Fuchs is now striving to sell it for seven times that amount.
Fuchs' legal struggles with Cooper Union over the Chrysler Building highlight the challenges he's currently facing, including a recent court ruling against him.
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