Michael Fuchs, who is saddled with a multimillion-dollar divorce settlement and recently tried to offload several luxury homes, is now facing foreclosure on his West Village condo.
Citibank, which provided a $3.26 million mortgage to Fuchs for the prewar condo at 302 West 12th Street, filed a foreclosure suit after the RFR co-founder stopped making monthly payments in May 2024, according to the complaint filed in New York State Supreme Court. The lender is calling for the sale of the 1,000-square-foot pad, which Fuchs bought from comedian Seth Meyers in 2018.
Fuchs and his then-wife Alvina Collardeau shelled out $4.35 million for the 12th-floor condo with a fireplace, chef’s kitchen and sunken living room. The couple owes the entire principal plus interest, according to the suit.
A spokesperson for Fuchs did not immediately respond to comment. Citibank’s lawyers could not immediately be reached for comment.
The suit comes at a challenging time for Fuchs, personally and professionally. In London, Fuchs and Collardeau have been locked in a nasty five-year divorce battle. In 2023, a judge ordered Fuchs to pay Collardeau a lump sum of almost £19 million, about $25 million, plus periodic payments for their two children.
Fuchs is also in default on those payments, according to the British newspaper The Times, and had been ordered to sell various assets and four properties in England.
Meanwhile, Fuchs and RFR co-founder Aby Rosen have been beset with default notices and pre-foreclosure suits. In one of the firm’s biggest setbacks, RFR lost control of the Chrysler Building in January after a judge terminated its ground lease with Cooper Union.
Fuchs recently unloaded one New York City property — a townhouse at 144 Waverly Place — and listed a prewar brick building at 59 Morton Street in Greenwich Village. He also listed his 4,600-square-foot Southampton home in March for $44 million. It is unclear if the Hamptons property is still for sale.