search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanBank of Southern California puts Neil Shekhter portfolio up for saleBank of Southern California puts Neil Shekhter portfolio up for saleMayor Bass wants wealthy Angelenos to pay for homeless housingMayor Bass wants wealthy Angelenos to pay for homeless housing
New York

Buyer given time to close on $45M Plaza unit

Sign Up for the undefined Newsletter

Elad Properties is giving troubled Italian businessman Luigi Zunino extra time to come up with the rest of the money to buy a three-unit apartment at the Plaza. Zunino missed his deadline to close on the $45 million unit, which he paid a $9 million deposit for. The Wall Street Journal previously reported that Zunino was trying to sell the apartment for $100 million, even though he hadn’t closed yet. In December 2008, sources said representatives of Italy’s prime minister, Silvio Berlusconi, came to see the 10,026-square-foot apartment, which has six bedrooms, three kitchens, six baths, a library, gallery and terrace. According to the Times, there are about 30 listings at The Plaza, with
a total asking price of more than $250 million, and only one resale has
closed since September 2008.