Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Shabsels’ Hamptons Mansion and $1B Debt | Real Estate News
Michael Shabsels, former summer camp mogul and personal bankruptcy filer, is trying to rent his Hamptons mansion for $75K/month—while his companies drown in $500M–$1B in debt. The beachfront estate, once bought for $1.7M, has hosted charity events for United Hatzalah, adding irony to his financial meltdown. Meanwhile, an Israeli probe targets his firm Simad Holdings for bond defaults and money laundering. With summer winding down, he’s racing to find a tenant—but even the rent won’t scratch the surface of his colossal liabilities. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.