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Thursday, February 1, 2018

Plaza penthouse finally sells for $32 million (and that’s half off)

British developer Christian Candy has finally sold his Plaza Hotel penthouse triplex, according to city property records.

But the price — $32.7 million — is almost half of his original asking price. The closing record was first reported by Curbed.

Candy made his name in London, where the brash and brassy developer and his brother Nick created kleptocrat-friendly One Hyde Park.

They were in the news again last April, when a former friend accused them of ugly loan shark-style tactics and threats that the brothers would sick Russian mobsters on him, terrifying his then-pregnant wife, according to reports.

Candy bought the penthouse triplex at the Plaza — formerly owned by Russian honcho Andrei Vavilov, who likened it to an attic — for $26.9 million in 2012.

He then tried to flip it for $59 million in 2013 — but no one bit. It went back on the market last April for $39.7 million.

Sotheby’s power brokers Brenda Powers and Elizabeth Sample had the listing.

If you’re sad that you missed the buying opportunity, don’t fret.

Designer Tommy Hilfiger still has his four-bedroom pad on the market, complete with a turret room and original “Eloise” murals.

Hilfiger bought his unit for $25 million in 2008 and tried to flip it later that year for $50 million.

After almost a decade on the market and much price fluctuation — he once upped the ask to $80 million — it is back on the market at a mere $50 million following a price drop and broker swap last month.

NYPost.com
By Jennifer Gould Keil
Read Full Article




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