Ziel Feldman Lists New York Penthouse for $27.5 Million
The Marquand triplex hits the market with five bedrooms and over 6,000 square feet of interior living space.
Updated on Oct. 21, 2026 in Financial Crime
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Real estate developer Ziel Feldman has relisted his triplex penthouse at 11 East 68th Street for $27.5 million. The unit is located in the building known as the Marquand.
Why it matters
The listing price reflects a significant reduction from the initial $39 million asking price set in 2020. This shift occurs as legal scrutiny continues to surround HFZ-related projects following an $86 million fraud case involving former executive Nir Meir.
Nir Meir faces charges in an $86 million fraud scheme involving a development project. The status of the legal investigation into the broader HFZ portfolio remains active.
The players
Ziel Feldman
He is a prominent real estate developer and founder of the firm HFZ Capital Group.
Nir Meir
He is a former executive at HFZ who was charged in an $86 million fraud scheme.
Madeline Hult Elghanayan
She is a real estate broker with Douglas Elliman who is managing the listing for the penthouse.
Sabrina Saltiel
She is a real estate broker at Douglas Elliman representing the property sale.
The details
The penthouse features 6,100 square feet of interior space and 2,600 square feet of private terraces across 21 rooms. Listing brokers Madeline Hult Elghanayan and Sabrina Saltiel of Douglas Elliman have provided digital renderings showing the property redone in neutral colors.
Timeline
2015: HFZ began developing the XI tower.
2020: Feldman first listed the penthouse for $39 million.
2020: Feldman sold his Englewood mansion.
2021: Feldman sold his Bridgehampton house for $50 million.
October 2026: The penthouse was listed for $27.5 million.
Legal Context
The listing is part of a broader trend of asset disposal following the collapse of the HFZ development empire. This follows a pattern of high-profile financial unravelings and divestments in the luxury New York real estate market.
The sale of the Marquand unit draws attention to the ongoing legal proceedings involving former HFZ executives. Residents and stakeholders in the luxury sector may monitor the outcome for potential impacts on property valuations in the area.
The takeaway
Prospective buyers should conduct thorough due diligence when considering properties linked to developers facing active litigation. This listing highlights the significant market price corrections that can occur when personal assets are divested under financial and legal pressure.
Further reading
Read more about ongoing investigations at the New York City Financial Crime section.
Source note: This article includes information reported by Curbed.
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