The Real Deal New York

Diddy will settle for less — just get him paid

Rap mogul chops ask of Park Imperial pad to $7M

January 14, 2016 11:52AM

Sean Combs Park Imperial

The Park Imperial at 230 West 56th Street in Midtown (inset: Sean Combs)

He is a man of many names — the rap impresario who ushered in the “shiny suit era” of hip-hop with tales of glamorous lifestyles filled with luxury. But Sean Combs is having a hard time getting anyone to buy his Park Imperial apartment.

The 2,300-square-foot unit, located on the 66th floor of the celeb-heavy Midtown condo tower at 230 West 56th Street, is back on the market for just under $7 million.

The new asking price is down a cool million-and-a-half from the apartment’s original 2012 ask of $8.5 million. It’s not the first time Puffy has lowered his expectations on the unit, having dropped the asking price to $7.9 million in 2014.

The two-bedroom, two-and-a-half-bathroom condo features floor-to-ceiling windows, an eat-in chef’s kitchen and expansive views of Central Park, according to the New York Post.

Even at the new, reduced asking price, Combs is due a profit on the $3.82 million he spent to buy the apartment in 2005. Lisa Maysonet of Sotheby’s International Realty is the listing broker. [NYP]Rey Mashayekhi

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