Mar
30

Depressed Condo Market? A Plaza Hotel Unit Sold for $48 Million

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An apartment in the Plaza Hotel just sold for $48 million, which is the highest price ever paid for a single condo in New York, Bloomberg reports.

The record-setting pad is 6,000-square-foot and now belongs to a Russian composer named Igor Krutoy and his wife, Olga. Their new unit is on the 12th floor, and “while it has sweeping views of Central Park, it is not even a full-floor unit,” the New York Post reported.

According to Curbed, the couple “picked up the place after a rather epic hunt that also included 15 Central Park West and the Time Warner Center.”

WANT TO SEE PICTURES OF A $48 MILLION CONDO? CLICK HERE

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Comments

  1. First Boston Real Estate says:

    Thats quite an expensive price tag..