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Russian Sets Condo Record With $48 Million Plaza Purchase

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Back in 2007, developer Harry Macklowe snapped up more than $50 million worth of apartments in the Plaza, easily topping Manhattan's condo price record. But for any doubters who argued that Macklowe's buy, as a combo, didn't count, the Plaza now says ha! Russian composer Igor Krutoy and his wife Olga went into contract for a 12th-floor unit at the Plaza?several apartments already combined into one 6,000-square-foot pad?last month. They've now closed on the deal for a reported $48 million, which the Post identifies as the highest price ever for a New York City condo.

The Krutoys picked up the place after a rather epic hunt that also included 15 Central Park West and the Time Warner Center. They were repeatedly outbid, until they went stratospheric with their Plaza offer. Let's just hope they have no immediate plans to resell.
· Russian composer lands Plaza Hotel condo for record-setting $48 million price tag [NYP]
· Rich Russian Couple Ready for Near-Record Buy at the Plaza [Curbed]

The Plaza

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