IDK, not every with 'oligarch' with money from Russia is necessarily a regime supporter. Have to imagine difficult to have any business of size there without tacit approval of the regime.
Confiscating the prime real-estate of oligarchs from kleptocratic countries that are waging war on you sounds like an effective counter-attack. Hitting them where it hurts, while also helping fix the housing market. Should try that in central Manhattan... 
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Additionally, there will be retaliation. US companies have FDI in Russia of ~$160B since 2000.
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I wouldn't punish kids for the sins of their parents.
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That would not poll well with his uninformed base
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