Story perspectives

Cuomo Buys $9.6M Long Island Waterfront Estate

By Drooid · Oct 2, 2026, 2:40 PM UTC · How we work

Summary

Story summary

Andrew Cuomo bought a Long Island estate for $9.6 million.
Rich Azzopardi said the June closing used a limited liability company.
The property includes four parcels, two buildings and a nine-bedroom waterfront main residence.
Cuomo will keep the house as a summer home and sell the empty lots.
He sits on OKX’s board.

History

Historical Context

In 2005, former New York governor George Pataki purchased a Hudson River mansion for $12 million, sparking ethics debates among state officials. The deal involved Pataki’s real-estate firm, Pataki Development, which reported a 15 % profit margin and listed the property under a Delaware LLC. Similarly, Andrew Cuomo’s 2024 $9.6 million Long Island estate purchase, arranged through Rich Azzopardi’s LLC and tied to his OKX board role, mirrors Pataki’s corporate-structure tactics. These recurring opaque transactions have spurred New York legislators to draft stricter disclosure bills, aiming to prevent future conflicts of interest.

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Story summary

Andrew Cuomo bought a Long Island estate for $9.6 million.
Rich Azzopardi said the June closing used a limited liability company.
The property includes four parcels, two buildings and a nine-bedroom waterfront main residence.
Cuomo will keep the house as a summer home and sell the empty lots.
He sits on OKX’s board.

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