Monday, November 23, 2015

Instant Alert: The notorious 'attic' penthouse in New York's Plaza Hotel is on the market again for $50 million

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The notorious 'attic' penthouse in New York's Plaza Hotel is on the market again for $50 million

by Dennis Green on Nov 23, 2015, 4:09 PM

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Oh, The Plaza Hotel's attic penthouse, we meet again.

The huge apartment at the top of one of the most famous hotels is again on the market — this time carrying a price tag of nearly $50 million. That's less than what the apartment was listed for in 2013 ($59 million), but a whole lot more than it was when it was purchased just a year prior to that ($26 million).

In 2008, Russian billionaire Andrei Vavilov sued the Plaza after he found that the unit had lower ceilings than he said he had been promised. He had purchased the penthouse sight-unseen for $53.5 million. The penthouse has had several owners since then.

A private elevator grants a secluded entrance to the triplex penthouse, which has incredible Central Park views and state-of-the-art home automation.

Douglas Elliman's Alexander Team has the listing.

SEE ALSO: An insane Florida mansion that was once the most expensive home in the US is back on the market — and now it's even more expensive

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The "attic" penthouse at the top of the legendary Plaza Hotel has a long history.



The palatial apartment has been offered for sale four times over the last decade.



Each time, its price has climbed exponentially.



See the rest of the story at Business Insider


 
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