Harry Macklowe claims his real estate is only worth $23M


How a lot is bigshot developer Harry Macklowe value? It relies upon who’s asking — the financial institution or his estranged spouse.

Macklowe was grilled on the stand in Manhattan Supreme Courtroom Wednesday about why he claimed in a December 2015 mortgage software that he held $548 million in business actual property — however claims in his divorce case from Linda Macklowe, seventy nine, that he owns solely $23 million in business actual property.

“You have been representing to banks your investments have been $548.9 million? And the place you are taking on this lawsuit is $23 million?” Linda Macklowe’s lawyer John Teitler requested.

“That is right,” Harry Macklowe, eighty, replied.

The assessments of Macklowe’s holdings don’t embrace his world-class artwork assortment estimated to be value as a lot as $1 billion, condo on the Plaza Lodge, property within the Hamptons or customized-constructed $forty one million racing yacht.

Linda Macklowe filed for divorce last year.

Linda Macklowe filed for divorce final yr.

(Alec Tabak/for New York Day by day Information)

The developer constructed 432 Park Avenue, the tallest residential constructing within the metropolis.

Harry Macklowe has claimed within the divorce that his private internet value is adverse $four hundred million. Teitler has referred to as that “divorce accounting one hundred and one.”

Teitler seeks to show Harry is value rather more, making certain that Linda is awarded extra money when a decide divvies up their belongings.

Linda, a trustee on the Guggenheim Museum and Metropolitan Museum, filed for divorce final yr.

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harry macklowe
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