U.S. seizes ownership of 36-story Iranian skyscraper on Fifth Avenue in New York City

US Federal Court judge ruled the ‘non-profit’ Alavi Foundation, which owns the building, was deliberately ‘shielding and concealing’ Iranian national assets.

Proceeds from the sale of 36-story, Fifth Avenue building will go to families affected by Iranian-led attacks, including the 1983 bombing of a Beirut US Marine barracks that killed over 300 people.