After two years on the market, the Park Avenue apartment owned by white collar fraudster Hassan Nemazee has finally been purchased for $17.75 million. Originally listed for $28 million, the buyers who got a steal on the 15-room home on the 14^th and 15^th floors of an Upper East side co-op tower located at 770 Park Avenue are none other than Brooke Shield’s half-sister Marina Shields Purcell and her husband Thomas Purcell, a top analyst at Greenwich, Conn.-based Viking Global Investors. The Purcell’s new home features six bedrooms and six bathrooms, several terraces and staff quarters. The property also features a gym and wine cellar.

The apartment went up for sale after Iranian-American investment banker Nemazee was sentenced to 12 years in prison in 2010 for defrauding banks of $292 million. Nemazee had been a top Democratic fundraiser when he served as Bill Clinton’s national finance chairman during the 2008 presidential campaign.

[Image via Sotheby’s]

Samantha Lile

Samantha Lile is a 2002 Missouri State University graduate of journalism and mass media. She has served as a reporter and editor for various newspapers throughout her journalism career. She made the leap into writing full-time after working for a major financial institution since 2000.

Because of her banking background, Samantha is knowledgeable in finance reporting, but is also strong in commentaries, personal profiles, youth studies, horticulture, history and entertainment-related works.

Samantha lives in Ozark, Mo. with her husband of nine years, four dogs and two cats.

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