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One Lawsuit Later, Plaza Penthouse Comes Back at $24M

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Penthouse 2001 at The Plaza has been mired in litigation since 2008, when the apartment's buyer, a 30-something hedgie, sued developer El-Ad Properties for breach of contract. His complaints: fraud, negligent misrepresentation, and deceptive trade practices, all of which led him to demand his $6.5 million deposit back, plus legal fees. The suit was actually settled in October, when a court dismissed the lawsuit and allowed the sponsor to keep the deposit and re-list the unit. But it's taken until now for PH #2001 to come back on the market. What's in those photos above is now listed for $24 million.
· Listing: 1 Central Park South [Stribling]
· Plaza coverage [Curbed]

The Plaza

768 5th Avenue, Manhattan, NY 10019 Visit Website

The Plaza

1 Central Park South, New York, NY