{"id":378898,"date":"2026-10-21T21:44:26","date_gmt":"2026-10-21T21:44:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/378898\/"},"modified":"2026-10-21T21:44:26","modified_gmt":"2026-10-21T21:44:26","slug":"developer-ziel-feldman-is-selling-his-triplex-penthouse","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/378898\/","title":{"rendered":"Developer Ziel Feldman Is Selling His Triplex Penthouse"},"content":{"rendered":"<p>                  <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/10\/1d47702608de5b6ccccd2e6ed568887c96-zeil-feldman.rhorizontal.w700.jpg\" class=\"lede-image\" data-content-img=\"\" width=\"700\" height=\"467\" style=\"width:100%;height:auto;\" fetchpriority=\"high\"\/> <\/p>\n<p>\n                  Ziel Feldman converted the prewar building at 11 East 68th to condos in 2013 and kept one of the two triplex penthouses for himself.<br \/>\n                  Photo-Illustration: Curbed; Photos: Getty Images, Douglas Elliman\n              <\/p>\n<p class=\"clay-paragraph\" data-editable=\"text\" data-uri=\"www.curbed.com\/_components\/clay-paragraph\/instances\/cmvhkrpgn002n01foqmss6p67@published\" data-word-count=\"171\">When the condos at the Marquand, a conversion at 11 East 68th Street, hit the market a little over a decade ago, they were a study in creams and neutrals, with the kind of tasteful, dull finishes that new-development teams love to advise. But the building\u2019s developer, Ziel Feldman of HFZ, picked a very different color palette for his own triplex penthouse: blacks and dark browns, brightened up by the occasional splash of white in the form of book-matched marble. It\u2019s the kind of moody, bold interior that calls to mind the word \u201clair,\u201d complete with dark woods, exotic stone, and veined marble against which works by the likes of Tracey Emin and Sanford Biggers seem to glow. As another developer <a href=\"https:\/\/www.curbed.com\/article\/hfz-capital-group-xi-building-nyc-real-estate.html\" rel=\"nofollow noopener\" target=\"_blank\">put it to New York<\/a>, Feldman was always known for liking the \u201crazzle-dazzle.\u201d He and his wife, Helene, are now selling <a href=\"https:\/\/streeteasy.com\/building\/the-marquand\/ph11west?utm_campaign=sale_listing&amp;utm_medium=share&amp;utm_source=web&amp;lstt=Y3EJR1GwAGkYMf9NRD8ZLkjoL5vo9IL1kqk4WZElWFEBM9CYINeKRbFrIIyLxwrlBzCBxuPvYTs2Om0Z\" rel=\"nofollow noopener\" target=\"_blank\">the 21-room monument to their personal taste <\/a>for $27.5 million. The listing brokers, Madeline Hult Elghanayan and Sabrina Saltiel of Douglas Elliman, did not return a request for comment.<\/p>\n<p>                  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/10\/5b1181293f207f7cbf30ae1a1993c002c2-11-East-68th-Street-PH11WEST-2.rhorizontal.w700.jpg\" class=\"img-data\" data-content-img=\"\" width=\"700\" height=\"467\" style=\"width:100%;height:auto;\"\/> <\/p>\n<p>\n      The Feldmans\u2019 penthouse, as shown in listing photos, is filled with black marble and dark hardwood with an expansive 2,600-square-foot terrace \u2014 the very opposite of most staged new-development apartments.<br \/>\n      Photo: Douglas Elliman\n    <\/p>\n<p>                  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/10\/5b02b8dc0c64afce8b61a65663d5fb37d2-11-East-68th-Street-PH11WEST-1.rhorizontal.w700.jpg\" class=\"img-data\" data-content-img=\"\" width=\"700\" height=\"467\" style=\"width:100%;height:auto;\"\/> <\/p>\n<p>\n      The same living room, as shown in a digitally staged rendering in the listing, done in lighter hues that play to the airy nature of penthouse living.<br \/>\n      Photo: Douglas Elliman\n    <\/p>\n<p class=\"clay-paragraph\" data-editable=\"text\" data-uri=\"www.curbed.com\/_components\/clay-paragraph\/instances\/cmvi545dj00183b7i9z1kwk0j@published\" data-word-count=\"202\">The unit is more than a reflection of the couple\u2019s lavish aesthetic leanings; it\u2019s also a remnant of flusher days. Feldman, a former real estate attorney turned luxury developer, had aspired to join the ranks of the old-line New York real estate families like the Zeckendorfs and the Dursts. That goal seemed within reach when HFZ <a href=\"https:\/\/www.curbed.com\/article\/hfz-capital-group-xi-building-nyc-real-estate.html\" rel=\"nofollow noopener\" target=\"_blank\">started developing<\/a> the XI, a twisting, Bjarke Ingels-designed tower on the High Line in 2015. Even the sales gallery for the building was a spectacle, with <a href=\"https:\/\/news.artnet.com\/art-world\/ziel-feldman-1416145\" rel=\"nofollow noopener\" target=\"_blank\">an art installation <\/a>by set designer Es Devlin. But before the building could be completed, HFZ imploded \u2014 Feldman had a spectacular falling out with his former partner, Nir Meir, who was<a href=\"https:\/\/www.curbed.com\/article\/nir-meir-arrested-hfz-capital-group-xi-building-nyc-real-estate.html\" rel=\"nofollow noopener\" target=\"_blank\"> later arrested <\/a>and charged with an $86 million fraud scheme involving the XI. Feldman claimed that Meir was responsible for HFZ\u2019s collapse; Meir is <a href=\"https:\/\/therealdeal.com\/new-york\/2026\/07\/02\/nir-meir-nears-trial-for-fraud-case\/\" rel=\"nofollow noopener\" target=\"_blank\">still awaiting<\/a> trial. To HFZ\u2019s credit, the XI was a solid idea even if the particulars were a mess; the condos sold briskly after developer Steve Witkoff took over the project. After years of laying low, Feldman is now back with less flashy projects, <a href=\"https:\/\/therealdeal.com\/national\/2026\/01\/26\/ziel-feldman-quietly-begins-his-comeback-after-hfz-collapse\/\" rel=\"nofollow noopener\" target=\"_blank\">quietly re-entering <\/a>the real estate game with his daughter as partner in the national affordable and workforce housing firm GoodHomes.<\/p>\n<p>                  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/10\/3747a86df83634d776de1b5283a17cdcb0-11-East-68th-Street-PH11WEST-3.rhorizontal.w700.jpg\" class=\"img-data\" data-content-img=\"\" width=\"700\" height=\"467\" style=\"width:100%;height:auto;\"\/> <\/p>\n<p>\n      The dining room, as shown in listing photos, seats 22. The apartment is also opulent is scale, with just over 6,100 square feet and 2,600 square feet of terraces.<br \/>\n      Photo: Douglas Elliman\n    <\/p>\n<p class=\"clay-paragraph\" data-editable=\"text\" data-uri=\"www.curbed.com\/_components\/clay-paragraph\/instances\/cmvi545fv00193b7iwqzy9g9n@published\" data-word-count=\"229\">Back in 2020, when Feldman was fending off investor lawsuits and delinquent loans trying to save HFZ, he <a href=\"https:\/\/therealdeal.com\/new-york\/2020\/11\/18\/ziel-feldman-lists-marquand-penthouse-for-39m\/\" rel=\"nofollow noopener\" target=\"_blank\">listed<\/a> the 6,100-square-foot triplex penthouse for $39 million. Now he seems resigned to lowering the price and perhaps, also, his lifestyle. The question is whether another buyer will want the lifestyle the penthouse has to offer: In some rooms, both the floors and walls appear to be covered in striking black marble. In others, the walls are paneled in a gleaming hardwood, which sets off the furniture, upholstered in black and dark-gray velvets. The scale is dramatic, too: five bedrooms, four full bathrooms, and a \u201cgrand formal dining room\u201d that comfortably seats 22 guests, according to the listing, complete with a wet bar. There are plenty of other fancy features: It has private elevator access, Central Park views (it\u2019s less than a block away), fireplaces both inside and outside, and 2,600 square feet of private terraces. Tucked in nooks under staircases, in front of fireplaces and on the walls, there are John Chamberlain sculptures, George Condo paintings, a taxidermy\u2019d bunny by Maurizio Cattelan \u2014 but of course, these won\u2019t transfer with it. It was a pied-\u00e0-terre no less; the Feldmans also had an 18,500-square-foot Englewood mansion inspired by a Fontainebleau ch\u00e2teau they toured on their honeymoon. That sold in 2020; the next year they <a href=\"https:\/\/therealdeal.com\/new-york\/tristate\/2021\/01\/07\/hfzs-ziel-feldman-sells-hamptons-home-for-50m\/\" rel=\"nofollow noopener\" target=\"_blank\">sold<\/a> their Bridgehampton house for $50 million.<\/p>\n<p class=\"clay-paragraph\" data-editable=\"text\" data-uri=\"www.curbed.com\/_components\/clay-paragraph\/instances\/cmvi545i0001a3b7i6iq8707a@published\" data-word-count=\"50\">For potential buyers who can\u2019t quite imagine themselves living in such dark-hued opulence, the listing includes digital renderings showing the apartment redone in creams and neutrals, looking very much as it might have back in 2013, had it been sold as a sponsor unit like the others in the building.<\/p>\n<p>          Sign Up for the Curbed Newsletter<\/p>\n<p>A daily mix of stories about cities, city life, and our always evolving neighborhoods and skylines.<\/p>\n<p>        Vox Media, LLC Terms and Privacy Notice<\/p>\n<p class=\"expanded-terms \" aria-hidden=\"true\">By submitting your email, you agree to our <a href=\"https:\/\/nymag.com\/newyork\/terms\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Terms<\/a> and <a href=\"https:\/\/nymag.com\/newyork\/privacy\/\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">Privacy Notice<\/a> and to receive email correspondence from us.<\/p>\n<p>  Related<\/p>\n","protected":false},"excerpt":{"rendered":"Ziel Feldman converted the prewar building at 11 East 68th to condos in 2013 and kept one of&hellip;\n","protected":false},"author":2,"featured_media":378899,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[139170,1023,9,24,63,122,124,123,23070,139171,461,61190,17486,139169],"class_list":["post-378898","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-hfz","tag-luxury-real-estate","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news","tag-the-high-end","tag-the-marquand","tag-the-real-estate","tag-ues","tag-whos-selling","tag-ziel-feldman"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/378898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=378898"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/378898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/378899"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=378898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=378898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=378898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}