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Socialite lists Hamptons mansion for $25M amid mortgage default

Created at 2 Jun · 11:25 AM1 source↑ Market-relevant
IN SHORT

The ex-wife of art collector David Mugrabi is selling her Hamptons mansion for $25 million. She has not made payments on the property's $3.5 million mortgage.

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Key Numbers

$25Masking price for Hamptons mansion
$3.5Moutstanding mortgage on the property

Who's Involved

Mugrabi
Socialite and ex-wife of art collector David Mugrabi
David Mugrabi
Art collector and ex-husband of the seller

↳ Why This Matters

The sale of a high-value property amid mortgage default highlights potential financial distress and legal entanglements for high-profile individuals, impacting the luxury real estate market.

Key facts

  • Socialite is selling her Hamptons mansion for $25 million.
  • The property has a $3.5 million mortgage.
  • The owner has not made any payments on the mortgage.
  • The owner is the ex-wife of art collector David Mugrabi.

The socialite, identified as the ex-wife of art collector David Mugrabi, is seeking to sell her Hamptons mansion for $25 million. This comes after she reportedly made no payments on the property's $3.5 million mortgage. The mansion is located in Bridgehampton.

Frequently asked questions

The socialite is asking $25 million for the Hamptons mansion.

The property has a $3.5 million mortgage.

According to the report, the owner has not made any payments on the mortgage.

The seller is the ex-wife of art collector David Mugrabi.

What Happens Next

01The outcome of the sale will determine if the mortgage is satisfied or if further legal action is taken.

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Cadence

How It Developed

2 Jun · 11:10 AM
Socialite Libby Mugrabi seeks $25M for her Hamptons mansion, having not paid on its $3.5M mortgage after a $100M divorce.
New York Post via PiQSuite

Sources

T1
Socialite who got $100M in nasty divorce asks $25M for Hamptons mansion — after paying nothing on its $3.5M mortgagem.piqsuite.com

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