What we know about Senate candidate Dr. Oz’s real estate portfolio, which is worth millions

Dr Mehmed Oz.AP Photo/Matt Rourke, File

  • Dr. Mehmet Oz recently said: “Legitimately, I own two houses.

  • This includes a mansion in New Jersey and a farm in Pennsylvania.

  • But the Republican Senate candidate owns at least eight other properties, according to campaign materials.

Dr. Mehmet Oz’s efforts to wage a populist campaign against inflation have been complicated by the fact that his years on television made him a very wealthy man. As well as a mansion in northern New Jersey, the famous surgeon by his own admission has another home in Pennsylvania, where he is currently campaigning as a Republican for the US Senate.

“I legitimately own two houses,” Oz told a Democratic operative who interviewed him recently at an event. However, according to his campaign, Oz currently resides with his in-laws in suburban Philadelphia as he awaits yet-unseen renovations to his Pennsylvania Property.

But like The Daily Beast Previously reportedIn addition to these two mid-Atlantic homes, the daytime TV star owns at least ten other residential properties, from a beef farm in Florida to homes in Turkey, as well as several commercial investment properties across the country.

Insider rated Oz’s financial disclosure form to break down the number of properties (commercial and other) that he and his wife own.

A multi-million dollar mansion in New Jersey

Oz and his wife have resided in this six-bedroom, eight-bathroom mansion in Cliffside, New Jersey for the past 20 years. The couple built the house together, which they jointly own.

In 2020, people magazine featured a brilliant spread of the extravagant home, full of posed photos and fun facts about the 9,000 square foot residence. “We realized we needed a place where we could build whatever we wanted,” Oz told the outlet. The couple ultimately chose land that affords them unobstructed views of the Manhattan skyline.

The New Jersey mansion is almost certainly Oz’s best-known property, thanks to his Senate opponent John Fetterman. relentless trolling. Fetterman in July accused Oz of filming a campaign video of the House.

“Pro tip: Don’t film a commercial for your Pennsylvania Senate campaign from your New Jersey mansion,” Fetterman said in a statement.

According to Oz’s financial disclosure, the property is valued between $1,000,000 and $5,000,000.

Oz’s wife also owns a pool house of equal value right next to the mansion, according to financial records.

An unlisted condo in New Jersey

Oz and his wife also own a condo in New Jersey, The daily beast reported last month, though the couple chose not to include Fairview, New Jersey, relying on Oz’s nominee disclosure forms.

Applicants aren’t legally required to report non-income-earning real estate, but Oz has included several other non-income-earning properties he owns in his disclosure.

It was not immediately clear why Oz chose not to mention this second New Jersey property. A spokesperson for Oz did not immediately respond to Insider’s request for comment on the apparently unlisted property.

A 7,000 square foot “country house” in Pennsylvania

The Philadelphia Investigator reported that this house brings him an annual tax break of $50,000. The outlet added that Oz is not yet living in the house as he waits for the renovations to be completed during his run for the open state Senate seat.

“I inherited it,” Oz told the newspaper in early August. “And I intend to preserve this land and not do anything that can hurt it.”

His Pennsylvania home, like the New Jersey mansion, is also valued between $1,000,001 and $5,000,000, according to financial records.

A recently purchased beef farm in Florida

Oz bought the beef farm in Okeechobee, Florida in December 2021. The cattle on the farm are worth up to $500,000, The New York Times reported. The property, including livestock, is valued between $1,000,001 and $5,000,000.

2 houses in Sariyer, Turkey

Oz owns two homes in Sariyer, Turkey, according to his financial disclosure. These two personal residential properties are valued between $250,001 and $500,000.

Oz, of Turkish descent, said he would give up his Turkish citizenship if elected in November.

Mehmet Oz speaks at a rally

Republican U.S. Senate candidate Mehmet Oz speaks during a rally in support of his campaign at the Westmoreland County Fairgrounds on May 6, 2022 in Greensburg, Pennsylvania.Jeff Swensen/Getty Images

In addition to his six personal residences, Oz and his wife also own several investment properties around the world, including:

Another multi-million dollar mansion in Palm Beach, Florida

Oz bought an $18 million Palm Beach mansion in 2018 that has 11 bedrooms and over 12,000 square feet. The beachfront property includes a spacious yard and private beach access overlooking the Atlantic Ocean, according to a columnist for Palm Beach post.

The residence is now appraised between $5,000,001 and $25,000,000.

After buying the property, which is called “Louwana”, Oz made the house available for a monthly rent of $90,000, according to The Post. But a Realtor.com listing removed since February 2022 reviewed by The Miami Herald had a monthly rental price of $275,000 listed.

Oz sees an annual income from the mansion of $1,000,001 to $5,000,000, more than any of his other assets, according to his financial disclosure.

The Herald also reported this week that Palm Beach County Commissioners on May 3 approved a massive tax exemption for the historic Palm Beach Oz home, which could save the doctor more than half a million dollars. dollars over the next decade.

4 commercial real estate properties throughout Florida

The former “Dr. Oz Show” host owns four commercial investment properties in Florida, at least three of which appear to be Marriott hotels. A spokesperson for Oz did not immediately respond to Insider’s request for confirmation.

The Courtyard Clearwater Beach Marina and the Aloft Miami Adventure are each valued between $100,001 and $250,000 while the AC Hotel Miami Aventura is valued between $15,001 and $50,000, according to financial documents.

A fourth commercial investment property in Clearwater showed up on Google Maps as an apartment-style building. Financial disclosures said the investment was valued between $100,001 and $250,000.

All properties are co-owned.

2 apartments in Manhattan

A pair of Upper East Side condominiums once belonged to Mustafa Oz, Mehmet Oz’s father, but the residences are now at the center of a family inheritance dispute between Mehmet Oz and his sisters, Insider’s Laura Italiano reported.

Nazlim Oz, Dr. Oz’s sister who lives in Istanbul, claims in court documents that the budding politician deprived her of her share of condo revenue: $15,000 a month for more than three years.

Mehmet Oz and his other sister, Seval, who lives in California, counter that Nazlim Oz forged documents and stole their father. They too allege that Nazlim Oz never received $15,000 from the condos even when their father was alive and owned the properties.

Both residences are valued between $500,001 and $1,000,000.

4 other commercial real estate properties across New England

Dr. Oz jointly owns two commercial real estate investments in Portland, Maine valued between $1,001 and $15,000: the AC Hotel by Marriott Portland Downtown/Waterfront and a condominium.

He said he earned $427,119.00 from the hotel – and $113,955.00 from the condos.

He is also the sole owner of a commercial investment property in Lebanon, New Hampshire, valued between $100,001 and $250,000.

The fourth property appears on the financial disclosure document as an entire street – Tremont St. in Boston. The insider could not identify the property.

2 other commercial properties in Turkey

In addition to its Turkish homes, Oz can also lay claim to two additional investment properties in the country. He owns a property in Datca, Turkey, according to his financial records, and a second in Konya, near his father’s hometown.

The Datca property is valued between $1,001 and $15,000, while the Konya building has been listed as “undeterminable” due to being leased to the Department of Education as a student dormitory.

Read the original article at Business Intern

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