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Plaza Apartment Takes $2.4 Million Loss After Two-Year Try

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Not every apartment at the Plaza can find its Prince Charming Steve Wynn. Among the less fortunate is #1609, which sold in February 2008 for $14,740,466. Its buyer, an LLC, attempted a flip only a few months later, listing the place for $18,000,000. It's been sitting on the market collecting PriceChops ever since, hitting a low of $13.9 million last October. The sale has finally closed, and the seller was even more willing to negotiate: the LLC-masked buyer paid only $12.35 million in one of the few deals where the words "only" and "$12.35 million" go together.

· 1 Central Park South #1609 [StreetEasy]
· Sale: Plaza #1609 [ACRIS]
· Plaza coverage [Curbed]

The Plaza

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