Real Estate

New York's Priciest Apartment: A Plaza Spread Officially Goes for Record $51.5 M.

The garden at the Plaza Hotel.
The garden at the Plaza Hotel.

It’s been eight heady weeks since The Observer, citing an anonymous source, reported that an apartment spread at the licentiously redesigned Plaza Hotel would be selling for more than $50 million.

Lo and behold! Early this afternoon, deeds filed in public records announced that six apartments on the seventh-floor of the gold-bedecked Central Park palace were sold and closed. The contract, signed in March 2006, rounds out to the gorgeous amount of $51,539,180.

And that’s not all: one deed lists the property’s function as “Community Service”--though, more sensibly, a second deed calls the spread “One Family Residential” instead.

Community servicing or not, this is the first apartment in New York City to close above the $50 million mark. (Other published reports, without the benefit of public records, have said Harry Macklowe will spend $60 million on Plaza apartments, and that a London-based oilman will buy a $56 million triplex.)

It isn’t clear if this seventh-floor sprawl went to the oilman or to Mr. Macklowe or to someone else: The buyer is listed anonymously as Plaza 7 Apartment LLC.

For now, this is officially the expensive apartment in New York City. According to city records, the only Manhattan home sale to beat this $51.5 million deal is last year’s Harkness Mansion deal: The billionaire J. Christopher Flowers paid $53 million for that French Renaissance townhouse on East 75th.

There have been reports of other mammoth sales, like this week's Observer item on Edgar Bronfman Jr.'s $50 M. townhouse on East 64th Street--but none of these have closed.

But those mansions do not come with a “one touch, high resolution, wireless flat-panel display.” The Plaza, on the other hand, “provides each resident with a fingertip array of concierge and security services as well as the ability to simply and elegantly control the interior ambience of their apartment.” If that alone isn't worth more than a twentieth of one billion dollars, what is?

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consultanta imobiliara (not verified) says:

There are cultures which lack fixed homes, with nomadic people often moving their homes from place to place.

fire damage restoration (not verified) says:

The plaza might be large enough to serve as a military parade ground. At times of crisis or fiesta, it was the space where a large crowd might gather.

schüchternheit (not verified) says:

Well if you are a billionaire and really like the plaza, than its probably a bargain :)

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