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Megasales

We learned earlier this month that the Time Warner Center penthouse once rented by Jay-Z was close to a deal for $31 million. The deal is done, and the buyer is a corporation linked to Taek Jho Low, who is well-known on the NYC nightlife circuit. He spent a hefty $6,400/square foot on the apartment, a Time Warner Center record. But he doesn't have the best track record when it comes to real estate deals: Low bought Donald Trump's old penthouse for $33 million last year?and resold it nine months later at a $3 million loss. [NYP; previously]