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	<title>Observer &#187; New York&#8217;s Priciest Apartment: A Plaza Spread Officially Goes for Record $51.5 M.</title>
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		<title>Observer &#187; New York&#8217;s Priciest Apartment: A Plaza Spread Officially Goes for Record $51.5 M.</title>
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		<title>New York&#8217;s Priciest Apartment: A Plaza Spread Officially Goes for Record $51.5 M.</title>

		<comments>http://observer.com/2007/07/new-yorks-priciest-apartment-a-plaza-spread-officially-goes-for-record-515-m/#comments</comments>
		<pubDate>Fri, 13 Jul 2007 17:48:31 -0400</pubDate>
					<link>http://observer.com/2007/07/new-yorks-priciest-apartment-a-plaza-spread-officially-goes-for-record-515-m/</link>
			<dc:creator>Mark Wellborn</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/garden.jpg?w=300&h=173" />It’s been eight heady weeks since <em>The Observer</em>, citing an anonymous source, reported that an apartment spread at the licentiously redesigned Plaza Hotel would be selling for <a href="http://www.nyobserver.com/2007/eloise-blushes-50-m-plaza-apartment-most-expensive-ever-ny">more than $50 million</a>.
<p class="MsoNormal">Lo and behold! Early this afternoon, deeds filed in public records announced that six apartments on the seventh-floor of the gold-bedecked Central Park palace were sold and closed. The contract, signed in March 2006, rounds out to the gorgeous amount of $51,539,180.</p>
<p class="MsoNormal">And that’s not all: one deed lists the property’s function as “Community Service”--though, more sensibly, a second deed calls the spread “One Family Residential” instead. </p>
<p class="MsoNormal">Community servicing or not, this is the first apartment in New York City to close above the $50 million mark. (Other published reports, without the benefit of public records, have said <span class="verdana"><a href="http://www.nypost.com/seven/06072007/realestate/a_harry_situation_realestate_braden_keil.htm">Harry Macklowe</a> will spend $60 million on Plaza apartments, and that a London-based <a href="http://select.nytimes.com/gst/abstract.html?res=F50E17F934550C708EDDAC0894DF404482&amp;n=Top%2fReference%2fTimes%20Topics%2fPeople%2fB%2fBarbanel%2c%20Josh">oilman</a> will buy a $56 million triplex.)</span></p>
<p class="MsoNormal"><span class="verdana">It isn’t clear if this seventh-floor sprawl went to the oilman or to Mr. Macklowe or to someone else: The buyer is listed anonymously as Plaza 7 Apartment LLC.</span></p>
<p class="MsoNormal"><span class="verdana">For now, this is officially the expensive apartment in New York City. According to city records, the only Manhattan home sale to beat this $51.5 million deal is last year’s Harkness  Mansion deal: The billionaire J. Christopher Flowers paid $53 million for that French Renaissance townhouse on East 75<sup>th</sup>.</span></p>
<p class="MsoNormal">There have been reports of other mammoth sales, like this week&#039;s <em>Observer</em> item on Edgar Bronfman Jr.&#039;s <a href="/2007/bronfman-gets-50-m-plus-east-side-townhouse">$50 M. townhouse</a> on East 64th Street--but none of these have closed.  </p>
<p class="MsoNormal">But those mansions do not come with a “one touch, high resolution, wireless flat-panel display.” The Plaza, on the other hand, “provides each resident with a fingertip array of concierge and security services as well as the ability to simply and elegantly control the interior ambience of their apartment.” If that alone isn&#039;t worth more than a twentieth of one billion dollars, what is?</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/garden.jpg?w=300&h=173" />It’s been eight heady weeks since <em>The Observer</em>, citing an anonymous source, reported that an apartment spread at the licentiously redesigned Plaza Hotel would be selling for <a href="http://www.nyobserver.com/2007/eloise-blushes-50-m-plaza-apartment-most-expensive-ever-ny">more than $50 million</a>.
<p class="MsoNormal">Lo and behold! Early this afternoon, deeds filed in public records announced that six apartments on the seventh-floor of the gold-bedecked Central Park palace were sold and closed. The contract, signed in March 2006, rounds out to the gorgeous amount of $51,539,180.</p>
<p class="MsoNormal">And that’s not all: one deed lists the property’s function as “Community Service”--though, more sensibly, a second deed calls the spread “One Family Residential” instead. </p>
<p class="MsoNormal">Community servicing or not, this is the first apartment in New York City to close above the $50 million mark. (Other published reports, without the benefit of public records, have said <span class="verdana"><a href="http://www.nypost.com/seven/06072007/realestate/a_harry_situation_realestate_braden_keil.htm">Harry Macklowe</a> will spend $60 million on Plaza apartments, and that a London-based <a href="http://select.nytimes.com/gst/abstract.html?res=F50E17F934550C708EDDAC0894DF404482&amp;n=Top%2fReference%2fTimes%20Topics%2fPeople%2fB%2fBarbanel%2c%20Josh">oilman</a> will buy a $56 million triplex.)</span></p>
<p class="MsoNormal"><span class="verdana">It isn’t clear if this seventh-floor sprawl went to the oilman or to Mr. Macklowe or to someone else: The buyer is listed anonymously as Plaza 7 Apartment LLC.</span></p>
<p class="MsoNormal"><span class="verdana">For now, this is officially the expensive apartment in New York City. According to city records, the only Manhattan home sale to beat this $51.5 million deal is last year’s Harkness  Mansion deal: The billionaire J. Christopher Flowers paid $53 million for that French Renaissance townhouse on East 75<sup>th</sup>.</span></p>
<p class="MsoNormal">There have been reports of other mammoth sales, like this week&#039;s <em>Observer</em> item on Edgar Bronfman Jr.&#039;s <a href="/2007/bronfman-gets-50-m-plus-east-side-townhouse">$50 M. townhouse</a> on East 64th Street--but none of these have closed.  </p>
<p class="MsoNormal">But those mansions do not come with a “one touch, high resolution, wireless flat-panel display.” The Plaza, on the other hand, “provides each resident with a fingertip array of concierge and security services as well as the ability to simply and elegantly control the interior ambience of their apartment.” If that alone isn&#039;t worth more than a twentieth of one billion dollars, what is?</p>
]]></content:encoded>
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