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New York

Developer of Empire condos sells his unit for $8M below ask

188 East 78th Street and Trevor Davis
188 East 78th Street and Trevor Davis

Developer Trevor Davis had a hand in building the Empire condominiums on the Upper East Side, and that may have skewed his idea of what they were worth.

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Davis, who had partnered with Aby Rosen to develop the building, sold his unit for $9.95 million, a steep drop from the $17.9 million asking price. The six-bedroom unit on the 42nd floor at 188 East 78th Street boasts 6,042 square feet of living space. A gem dealer purchased it from Davis.

In 2011, Davis’ lenders threatened to foreclose on the troubled condo 1055 Park Avenue after he filed for Chapter 11 bankruptcy, as previously reported. [NYP] — Mark Maurer

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