Plaza Hotel's $33.5 Million, $8.3 Million Condos Sold [PHOTOS]
PH2009, Stribling
Manhattan's venerable Plaza Hotel, site of a $48 million sale in 2011, has seen two more big deals to start off 2012.
One of the building's penthouses, #PH2009, has been sold, according to StreetEasy. The deal hasn't closed yet, but the last asking price was $33.5 million.
The 6,319-square-foot condo has four bedrooms and five-and-a-half bathrooms, according to the listing. It has a cantilevered sculptural staircase and a private elevator, along with views of the east side of Central Park. Other amenities include a wood-burning fireplace, wine cellar and 30-foot terrace.
Alexa Lambert and Elizabeth Lorenzo of Stribling were the listing brokers.
PH2009, Stribling
PH2009, Stribling
PH2009, Stribling
A smaller two-bedroom unit, #603 was sold for $8.3 million, according to city records filed on Thursday.
The seller was Ireland-based Shelbourne Hotel Partnership LP, and the buyer was Verona Homes LLC. Ashok Lulla, secretary and director of Verona Investments Pte Ltd., signed the deed for the buyer.
The 1,994-square-foot apartment traded under the asking price of $8.5 million. According to the listing, it has herringbone floors, a kitchen with Calacatta marble and stone counter tops. A mosaic pattern appears throughout the property, a reference to the hotel's original lobby.
Lauren Muss and Michael Orme of the Corcoran Group were the brokers.
Unit 603, The Corcoran Group
The 20-story Plaza Hotel, at 768 Fifth Avenue, was built in 1907 and landmarked in 1969, shortly after the creation of the city's Landmarks Preservation Commission.
Developer Donald Trump bought the building for $407.5 million (around $800 million adjusted for inflation) in 1988, later selling to Troy Richard Campbell, who would finally sell it to its current owner, El Ad Properties. El Ad hired architect Costas Kondylis to renovate the building, closing it down for construction for a number of years.
The hotel has 282 hotel rooms and 152 condos and has been no stranger to topping the city's real estate market.
In 2007, developer Harry Macklower purchased seven condos for $52 million.
Russian composer Igor Krutoy and his wife, Olha, purchased a condo for $48 million in 2011, the city's most expensive single apartment purchase at the time.
But that deal was recently eclipsed by Citigroup chairman Sanford Weill's penthouse at the Robert A.M. Stern-designed 15 Central Park West, on the opposite side of the park. Ekaterina Rybolovleva , daughter of Russian fertilizer mogul Dmitry Rybolovleva, reportedly paid the full asking price of $88 million for the apartment.
Weill will reportedly donate the proceeds to charity.
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