Russian Composer Really Wants to Play Records with Condo Buy

Composer Igor Krutoy is the toast of Russian concert halls, but he may soon be celebrated in New York City apartment buildings, as well.

The Journal reports that he and his wife Olga have signed a contract for a roughly 6,000-square-foot unlisted condo at the Plaza for more than $40 million. That would make his housing deal the second most expensive since the collapse of Lehman Brothers in the fall of 2008 that brought low the city’s real estate market, and the most expensive apartment one in that span. Carlos Slim tops the couple with his $44 million purchase of the Duke Semans mansion last summer, while the Krutoys beat out GPS pioneer Min Kao, who paid exactly $40 million for William Lie Zeckendorf’s penthouse duplex in the winter.

Yet it appears Krutoy, who has composed more than 100 songs and sold millions of records, according to The Journal, tried and failed to buy units on the other side of the park:

The Krutoys’ apartment search took them on a tour of the toniest addresses in the city, including some units that weren’t even officially listed for sale. They made an offer on a duplex with a large terrace just below former Citigroup chief Sandy Weill’s apartment at 15 Central Park West, brokers said.

They also made an offer on two units on the 35th floor of 15 Central Park West with an asking price of $55 million. One of those apartments is being rented to Yankee slugger Alex Rodriguez for $30,000 a month.

A $55 million buy would have been the biggest ever, topping J. Christopher Flowers’ 2006 purchase of the Harkness mansion for $53 million. It is unclear whether it would have also topped the Zeckendorf sale, which set a price-per-square-foot record. Meanwhile, the most expensive apartment ever purchased was a $46 million co-op penthouse at 1060 Fifth Avenue, which sold three years ago.

It appears 2011 could continue to be a blockbuster one, following Sean Parker’s $20 million Village townhouse purchase. This is not only a sign of a reviving–if only for those at the top–economy, but also a shortage of inventory as uncertainty persists in the housing market, leaving people to hold onto homes at the same time that developers run out of new ones to sell.

mchaban [at] | @mc_nyo

Russian Composer Really Wants to Play Records with Condo Buy