The attempt by the owner of One Beacon Court's PH54E to flip the place for $22.7 million after buying it for only $8.7 million was met with some derision. But we all may have been too quick to laugh, because the crazy plan worked, sorta! The owner, Imperial Partners LLC, has unloaded the place for $18.5 million. Sources tell The Real Deal the buyer is Giancarlo Giammetti, fashion mogul and honorary Valentino president, last seen around these parts trying his own flip of a renovated Pierre pied-a-terre. That place has yet to find a buyer, so perhaps Giammetti could get some sales help from Imperial Partners LLC.
· Valentino's business partner, companion buys One Beacon Court penthouse [Real Deal]
· Owner Marks $8.7M One Beacon Court Penthouse Up to $22.7M [Curbed]