New York Plaza Hotel
Photo: AP
Report: Tshuva sells Plaza flat for $50 million
Israeli billionaire makes most expensive apartment sale ever in New York City
Israeli billionaire Yitzhak Tshuva, the owner of the Plaza Hotel in New York City, recently sold an apartment in the project for more than $50 million – the highest price ever paid for a flat in the city, the New York Daily News
reported Saturday.
The new Plaza project, located on Fifth Avenue, is expected to open in October.
A spokesman for the El-Ad Group, owned by Tshuva, told the American newspaper that he could not confirm or deny the details.
Israeli billionaire
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The New York Observer, quoting real estate sources in the city, reported that the highest price registered so far for an apartment in New York City was $45 million, and the purchaser was hedge fund sovereign Daniel Loeb.
Tshuva purchased the Plaza on August 2004 for $675 million, and closed it down for renovations at the cost of $400 million. When the building reopens, it will turn into a complex of small apartments, luxury flats and a hotel. It will include 182 private apartments, 130 hotel rooms and 152 residential units.
