Plazapocalypse! Flipped Condo Sells Under Asking

Still standing.

The Plazapocalypse continues! It’s been a rough stretch for the famed hotel turned partly condo. First, The Oak Room closed last Friday, and today one of the 181 residential units sold for below its asking price. An unnamed buyer operating through Core Estate LLC has purchased unit 1707 in the building, paying $10.2 million.

The 2,975-square-foot apartment has everything you would expect from a pad at the Plaza. Spacious his and her closets flank the master bedroom, and both additional bedrooms have their own private bathrooms. Just in case the buyer forgets he or she lives in the historic hotel, the bathroom includes “fixtures with the classic double P Plaza logo…crafted by Lefroy, Brooks, and Kohler,” according to Douglas Elliman brokers Raphael De Niro and Erica Glasser Losen.

And let’s not forget the amenities offered by the Plaza itself. The new residents won’t even need to step outside to visit in-house restaurants, a gym, and, of course, the hotel’s vinotherapy spa which offers an entire menu of wine- and grape-based cosmetic treatments.

The story isn’t quite as rosy for the sellers, however, listed on the deed as Junana Investors LLC. City records show that they purchased the apartment in January of 2008 for $10.3 million. According to Streeteasy, the property was put on the market in March 2010 for $12.995 million, although that price was decreased to $11.95 million in September of last year.

Plazapocalypse! Flipped Condo Sells Under Asking