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	<title>Observer &#187; Putting the $50 M. Plaza Sale in Perspective</title>
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		<title>Observer &#187; Putting the $50 M. Plaza Sale in Perspective</title>
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		<title>Putting the $50 M. Plaza Sale in Perspective</title>

		<comments>http://observer.com/2007/05/putting-the-50-m-plaza-sale-in-perspective/#comments</comments>
		<pubDate>Mon, 21 May 2007 19:43:44 -0400</pubDate>
					<link>http://observer.com/2007/05/putting-the-50-m-plaza-sale-in-perspective/</link>
			<dc:creator>Mark Wellborn</dc:creator>
				
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<div class="slideshow-box-title">
<div class="slideshow-title">Slideshow</div>
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			<a href="//mstories.vo.llnwd.net/o1/federated/shell.swf?storeID=bcmeta&amp;expID=effcc4e9-8504-45c1-b0c0-fb8fadf1f1d2&amp;flashID=flashObj','ObserverMedia','scrollbars=no,resizable=no,status=no,width=805,height=440');"><img src="http://www.observer.com/files/images/slide.jpg" width="115" /></a>
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		<a href="//mstories.vo.llnwd.net/o1/federated/shell.swf?storeID=bcmeta&amp;expID=effcc4e9-8504-45c1-b0c0-fb8fadf1f1d2&amp;flashID=flashObj','ObserverMedia','scrollbars=no,resizable=no,status=no,width=805,height=440');">$50 M. Perspective</a>
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<p>As <em>The Observer</em> <a href="/2007/eloise-blushes-50-m-plaza-apartment-most-expensive-ever-ny">reported first last week</a>, a condo at the renovated Plaza Hotel has gone to contract for at least $50 million, making it the biggest New York City apartment sale ever. It joins an exclusive club of city properties, one with a membership fee of at least $30 million and one that opened just in the last few years:</p>
<p> <strong>4 East 75<sup>th</sup> Street.</strong> J. Christopher Flowers bought the 20,100 square-foot Harkness Mansion in 2006 for $53 million.
<p class="MsoNormal"><strong>15 Central Park West.</strong> Hedge fund manager Daniel Loeb purchased a 10-bedroom, 10,700-square-foot penthouse here in 2005 for $45 million.</p>
<p class="MsoNormal"><strong>834 Fifth Avenue.</strong> Rupert Murdoch purchased the 8,00- square-foot, three-story apartment in this fabled co-op building in 2004 for $44 million</p>
<p class="MsoNormal"><strong>Time Warner Center.</strong> British moneyman David Martinez bought both the 76<sup>th</sup> and 77<sup>th</sup> floors of the south tower, totaling 12,000 square feet, in 2003 for $42.25 million </p>
<p> <strong>1009 Fifth Avenue.</strong> Known as the Duke Semans mansion, cab driver-cum-Russian oil mogul Tamir Sapir bought this property in January 2006 for $40 million. </p>
<p class="MsoNormal"><strong>810 Fifth Avenue.</strong> Blackstone Group cofounder Pete Peterson bought David Geffen&#039;s 12-room duplex at 810 Fifth Avenue in May 2007 for $37.5 million.</p>
<p><strong><span style="font-size: 10pt">2   East 63<sup>rd</sup> Street</span></strong><span style="font-size: 10pt"><strong>.</strong> Russian businessman Lee Blavatnik purchased this 20,600-square-foot mansion for $31.25 million in 2005.</span></p>
</pre>
]]></description>
		<content:encoded><![CDATA[<div class="slideshow-box-container">
<div class="slideshow-box-title">
<div class="slideshow-title">Slideshow</div>
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<p>As <em>The Observer</em> <a href="/2007/eloise-blushes-50-m-plaza-apartment-most-expensive-ever-ny">reported first last week</a>, a condo at the renovated Plaza Hotel has gone to contract for at least $50 million, making it the biggest New York City apartment sale ever. It joins an exclusive club of city properties, one with a membership fee of at least $30 million and one that opened just in the last few years:</p>
<p> <strong>4 East 75<sup>th</sup> Street.</strong> J. Christopher Flowers bought the 20,100 square-foot Harkness Mansion in 2006 for $53 million.
<p class="MsoNormal"><strong>15 Central Park West.</strong> Hedge fund manager Daniel Loeb purchased a 10-bedroom, 10,700-square-foot penthouse here in 2005 for $45 million.</p>
<p class="MsoNormal"><strong>834 Fifth Avenue.</strong> Rupert Murdoch purchased the 8,00- square-foot, three-story apartment in this fabled co-op building in 2004 for $44 million</p>
<p class="MsoNormal"><strong>Time Warner Center.</strong> British moneyman David Martinez bought both the 76<sup>th</sup> and 77<sup>th</sup> floors of the south tower, totaling 12,000 square feet, in 2003 for $42.25 million </p>
<p> <strong>1009 Fifth Avenue.</strong> Known as the Duke Semans mansion, cab driver-cum-Russian oil mogul Tamir Sapir bought this property in January 2006 for $40 million. </p>
<p class="MsoNormal"><strong>810 Fifth Avenue.</strong> Blackstone Group cofounder Pete Peterson bought David Geffen&#039;s 12-room duplex at 810 Fifth Avenue in May 2007 for $37.5 million.</p>
<p><strong><span style="font-size: 10pt">2   East 63<sup>rd</sup> Street</span></strong><span style="font-size: 10pt"><strong>.</strong> Russian businessman Lee Blavatnik purchased this 20,600-square-foot mansion for $31.25 million in 2005.</span></p>
</pre>
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