– Expensive New York pads are still in demand, with a 6,300-square-foot condo going for a whopping $50 million. It seems there’s no shortage of cash in the Big Apple.
– The mystery buyer turns out to be a private equity exec based in Hong Kong, Mr. Terence Chan. These tycoons sure know how to ruffle some financial feathers!
– The fancy unit was sold through a limited liability company, probably so Mr. Chan could name it ‘Home Sweet $50 million Home’ without getting personally sued. Hey, better safe than sorry!
– Originally, they were reaching for the stars by asking for more than $70 million. But hey, a $20 million discount ain’t too shabby. Does it come with a pool?
– Lastly, if you’re wondering who the middleman in this plush transaction was, it was none other than property maverick, Tal Alexander of Official. Do we smell a blockbuster real estate agent biopic in the works?
THE SASSY SUMMARY
Even when Uncle Sam’s economy is doing the cha-cha, planet ‘Real Estate’ continues its orbit. This week, a plush New York condo has changed hands for a pocket change of $50 million. Yes, you read that right. It’s a drop in the ocean for Mr. Terence Chan, a big-time exec from Hong Kong, who clearly enjoys the view from the top. He nabbed it via a limited liability company, because you’ve got to shield yourself when you’re throwing around such dinero. Originally listed for a cool $70 million, it seems even multi-million dollar pads can’t escape the cheeky discount. The deal was sealed by realtor-of-the-stars, Tal Alexander. Looks like it’s an all’s well that ends well story, except maybe for the seller’s traumatized bank account.
THE HOT TAKE
In the world where money does all the talking, Mr. Chan seems to have quite a loud voice. But can you blame him? If your pockets were deeper than the Mariana Trench, you’d probably spend $50 million on a New York condo too. Sure, they might have come down $20 million from the original price, but that’s still more money than most of us will see in a lifetime. So, the next time you’re feeling bad about splurging on that extra guac at Chipotle – remember, you could be shelling out millions on high-rise living instead. Moral of these news? Whether it’s penthouses or guac, if you enjoy it, it’s money well spent. Now, if only I could find my spare $50 million…
Original article: https://www.inman.com/2024/02/06/full-floor-unit-at-aman-new-york-sells-for-61-58m/
