23 Nov Open House: Stunning Plaza Hotel Attic Penthouse Gets Huge Price Reduction
High floors are usually good places to be, pricey, but good. Usually. The four-bedroom, 4.5-bathroom triplex at the 20th floor of the Plaza Hotel’s Plaza Residences has proved to be hard to live in (at least by uber-rich standards). Russian billionaire Andrei Vavilov bought it sight-unseen and then sued the Plaza for delivering a low-ceilinged home that didn’t match the spacious abode he said he was promised. Then London developer Christian Candy bought it for $25.4 million, only to put it back on the market for more than double – $59 million (noting that furnishings were included). Again, it was listed for $59 million. Now, a new listing shows the same staging in new photos and a big price drop – to $49.95 million. Other aspects of the “palatial” property are a formal dining room, wine cellar, terrace overlooking Central Park, and Crestron home automation. Is $50 million too much? You be the judge.