Plaza Attic Penthouse Gets $9 Million Price Chop

High floors are usually good places to be, pricey, but good. Usually. The four-bedroom, 4.5-bathroom triplex at the 20th floor of the Plaza Hotel's Plaza Residences has proved to be hard to live in (at least by uber-rich standards). Russian billionaire Andrei Vavilov bought it sight-unseen and then sued the Plaza for delivering a low-ceilinged home that didn't match the spacious abode he said he was promised. Then London developer Christian Candy bought it for $25.4 million, only to put it back on the market for more than double—$59 million (noting that furnishings were included). Again, it was listed for $59 million. Now, a new listing shows the same staging in new photos and a big price drop—to $49.95 million (h/t TRD). Other aspects of the "palatial" property are a formal dining room, wine cellar, terrace overlooking Central Park, and Crestron home automation. Is $50 million too much? You be the judge.

· Russian Buyer Sues Plaza Over $53.5M Penthouse Mega Deal [Curbed]
· Christian Candy Sweetens Penthouse Deal By $9M [TRD]
· London Developer Pays $25.4 Million for Plaza 'Attic' [Curbed]
· Controversial Plaza 'Attic' Back on the Market for $59 Million [Curbed]
· The Plaza's Stubborn 'Attic' Penthouse Is Back, Still Asks $59M [Curbed]
· 1 Central Park South #2009 [StreetEasy]
· All Plaza coverage [Curbed]