Two properties linked to Chinese billionaire and convicted fraudster Guo Wengui have resurfaced for sale – with storied pasts, if not staggering markdowns, highlighting their tainted history.
Guo’s full-floor penthouse in Manhattan’s Sherry-Netherland, which once served as his lavish home base, is now for sale for $19.5 million, The Post has learned.
This marks a steep drop from the initial listing price of $86 million in 2015 – and, even more recently, the $24 million price tag of just two months ago.
The 15-room, 7,000-square-foot home was purchased nearly a decade ago for $67.5 million and features six bedrooms, panoramic views of Central Park and three terraces.
However, its grandeur is marred by fire damage from a mysterious fire that broke out when FBI agents arrested Guo last March on charges of a multibillion-dollar fraud.
Sources previously told The Post that the fire may have been started remotely, adding an intriguing atmosphere to a property reportedly equipped to accommodate its guests.
In July, a Manhattan court convicted the self-exiled businessman of defrauding his online followers through an investment and cryptocurrency scheme.
Some of the money was used to buy a $26.5 million mansion in New Jersey – a property that is also now for sale – and a $37 million yacht. He was found guilty of nine of 12 charges, including extortion and money laundering.
His sentencing is scheduled for January 6, 2025, with the possibility of decades in prison or deportation back to China, where he will face additional charges.
Despite some restoration work to address the fire damage, which can be seen in the listing’s marketing photos, the penthouse remains in ‘white box’ condition. Guo, also known as Ho Wan Kwok or Miles Kwok, had hoped to take over the property shortly after purchasing it.
Serena Boardman of Sotheby’s International Realty has that listing. The brokerage did not immediately respond to a request for comment.
Meanwhile, across the street from Hudson, Guo’s 50,000-square-foot Crocker Mansion in Mahwah, New Jersey, has been relisted for $33 million, according to NJ.com.
Guo purchased the sprawling estate — originally built in the early 20th century by railroad heir George Crocker — in 2021 for the sum of $26.5 million, making it the most expensive home sale in New Jersey that year.
The brick mega-mansion covers 12 hectares along the Ramapo Mountains and features 58 rooms, including 21 bedrooms, 29 bathrooms, a spa, a billiards room and even a tea room.
Outside, the grounds offer a tennis court, fountains and an eight-car garage.
The estate was seized by federal authorities last year as part of their case against Guo.
While the current vendor remains unclear, it is likely still under government control.
If it sells for the asking price of $33 million, the deal would amount to about $660 per square foot.
It was privately listed by Diane Cookson and Carl Gambino of Compass and the Fox & Stokes team.
The representatives also did not immediately respond to The Post’s request for comment on the listing.
