They landed with a boom, scooping up trophy properties in some of Manhattan’s priciest locations. Now the Russians appear to be leaving with a whisper.
Several have inquired with brokers in recent days about selling multimillion-dollar Manhattan properties as they try to liquidate assets before they are caught in a web of US sanctions. Most are doing so through discreet “whisper” listings with trusted brokers, as opposed to public sales, in order to minimise publicity.
But not all: the Upper East Side mansion owned by Alexey Kuzmichev, co-founder of Alfa-Bank, which was hit by US sanctions, was recently listed for $41mn, $1mn less than he paid for it in 2016.
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