Friday, March 25, 2011

$48M Plaza condo buy sets new city record

There's a new record in town. Russian composer Igor Krutoy has closed on the 6,000-square-foot Plaza Hotel condominium he chose last month after an epic search for Manhattan trophy apartments, and according to the Post, he paid $48 million for the 12th-floor pad. That's the priciest single condo ever sold in New York -- and the musician isn't even getting the whole floor in the deal. As the Wall Street Journal reported when the contract was signed, Krutoy and his wife, Olga, had been making offers on all the big-ticket condos in the city -- including the $55 million, two-unit combo at 15 Central Park West and equally stunning listings at the Time Warner Center -- before settling on the Plaza spread, which has views of Central Park but wasn't officially on the market. The couple apparently grew tired of losing out to higher bidders, which is why they were willing to pony up the cash for the 1 Central Park South home, sources told the Post.


Source: Real Deal 

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