This holiday weekend was Plaza heavy, with an $8,616,895.53 condo purchase in the 100-year-old hotel, according to city records. The buyer was Fred G. Farago, the president of California-based American Fruit Processors, a provider of fruity flavored syrups and extracts. The purchased unit, number 1003, was Mr. Farago’s second in the building. He purchased unit 1505 in July for $5,873,316.
Perhaps the fruit-king decided he needed more space?
Also at The Plaza last week was a $5,343,457.41 condo sold to Mary Q. Pedersen from Purchase, N.Y. Ms. Pedersen chose unit 506.