Sodom by the Sea
The dumpy footbridge over Surf Avenue is going the way of diving horses and dangerous rides.
The New York Post reports that the city plans to replace the West Eighth Street eyesore connecting the subway to the beachfront with an $11 million plaza in an adjacent vacant lot. The plaza will be covered Read More
The house does always win–even when a casino owner is flipping his own.
Las Vegas gambling kingpin Steve Wynn has just sold his penthouse at the Plaza for $24.4 million. That’s $1 million more than he paid for it just a few months ago. Of course, when it comes to transfer taxes and commission, Read More
A 39-year-old orthodontist from Australia has closed on a $1.9 million studio at the Plaza, city records show. Nick Kotsomitis decided to buy in New York after a short stint working stateside, The International Herald Tribune reported in November. Buoyed by the falling value of the dollar, Mr. Kotsomitis reckoned a condo in Read More
An unknown buyer has paid $14.7 million for Unit 1609 at the Plaza, city records show. Mascot Holdings is listed as the owner on the deed, and we traced the company back to the Garfield-Bennett Trust on the Channel Islands off France. Read More
Another flashy ex-pat has chosen the Plaza as his New York base. Kuwaiti investor Abdul Wahab al-Nakib bought a $3.5 million condo at the Plaza, city records show. Mr. al-Nakib is the chairman and managing director of Al Deera holdings, an investment firm listed on the Kuwaiti stock exchange. Al Deera’s holdings include private and Read More
The former chairman and chief executive of EMI Records, Alain Levy, has paid $6.2 million for an 18th-floor condo at the Plaza, according to city records. Mr. Levy left EMI a little over a year ago after the record label issued a profit warning to shareholders forecasting a 6 to 10 percent decline in revenue Read More
James Cayne, the recently resigned chief (but still chairman) of Bear Stearns, has bought a $25.8 million condo at the Plaza, according to city records.
It’s been a rough year for Mr. Cayne, who left the embattled firm under a haze of recrimination following the collapse of two of its hedge funds that resulted in Read More
Internet advertising wunderkind Scott Ferber has shelled out a little over $5 million for a condo at the Plaza, city records show. Mr. Ferber sent shockwaves through the technology industry when he sold his cash-strapped Maryland-based firm Advertising.com to AOL Time Warner for $435 million in "one of the most successful exits in Read More
The wife of former Citicorp vice chairman Thomas Theobald paid a little over $10 million for a condo at the Plaza. A Nov. 29 property deed lists Gigi Mahon, author of The Last Days of the New Yorker, as the buyer of Unit 501.
Mr. Theobald left Citicorp in 1987 and is now a senior Read More