Ziel Feldman Takes Another Run at Selling UES Triplex
Former HFZ executive Ziel Feldman is taking another shot at selling his Upper East Side home as he relaunches his real estate career.
Feldman and his wife, Helene, listed their triplex at the Marquand for $27.5 million, Curbed reported. The offering on the 6,200-square-foot unit breaks down to $4,435 per square foot.
Feldman previously listed the penthouse in 2020 for $39 million, but never sold the place. The Marquand is a Beaux Arts mansion that HFZ converted into 40 condominiums in 2013; a corporate entity tied to Feldman took ownership of the penthouse in 2018, according to property records, and obtained a $19.8 million mortgage from Bank of America in 2019.
When the Marquand debuted in 2013, the penthouse was listed for $46 million.
The five-bedroom unit contains expansive common areas, unique finishes and 2,600 square feet of outdoor space. The second floor includes two home offices, one with built-in bookshelves. A 700-square-foot terrace on the second floor has an indoor-outdoor fireplace, summer kitchen, dining area and fire pit. There’s also a sunroom and a 256-square-foot terrace on the third floor.
Douglas Elliman’s Madeline Hult Elghanayan and Sabrina Saltiel have the listing and did not respond to a request for comment from the publication. Feldman did not immediately respond to a request for comment from The Real Deal.
Feldman spearheaded HFZ as it rose to the upper echelons of New York real estate firms in the 2010s. The firm was best known for the ground-up development of The XI in West Chelsea, one of the biggest luxury condo developments in Manhattan at the time. HFZ bought 76 11th Avenue, the site for the XI, for $870 million, then the most ever paid for land in New York City.
That project imploded during the pandemic when construction paused. Feldman fired his second-in-command, Nir Meir, before the end of 2020 and the project went into foreclosure the following summer.
Prosecutors later charged Meir with grand larceny and defrauding the city out of $15 million in taxes. Meir allegedly moved hundreds of millions of dollars out of accounts designated for HFZ’s projects, only to return the money with significant shortfalls.
Meir was charged with spearheading an $86 million fraud scheme. He was arrested in Miami in early 2024 and spent a year on Rikers Island after he was unable to post bail; he awaits trial today.
Feldman, meanwhile, has quietly taken a role at GoodHomes, a platform centered on affordable and workforce housing, which counts Feldman’s daughter among the co-founders.
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