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London Developer Pays $25.4 Million for Plaza 'Attic'

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The troubled Plaza penthouse in contract to Andrei Vavilov until a fraud lawsuit ended the deal finally went into contract in late February. That deal has now closed, and the Journal has some information on the sale. The buyer: one Christian Candy, a developer of London blockbuster One Hyde Park. He paid $25.4 million for the Plaza triplex, sources tell the Journal. Oh, how the mighty have fallen. The apartment was supposed to sell to Vavilov in a combo deal for $53.5 million, returned to market last year asking $37.5 million, and got chopped to $33.5 million. Several buyers allegedly tried to make deals on the place for more than $30 million, but those deals fell apart, and Candy walked away with the, er, prize.

· Candy Gets Taste of the Plaza [WSJ]
· $33.5M Lawsuit-Scarred Plaza 'Attic' Finally Finds a Buyer [Curbed]

The Plaza

768 5th Avenue, Manhattan, NY 10019 Visit Website