From left: 247 W. 46th Street, comedian Rosie O’Donnell, rapper Pras, Marketing Directors’ Adrienne Albert

After nearly four years on the market, the 220-unit Platinum condominium is sold out.

The last five units in the Times Square tower, designed by Costas Kondylis, went into contract in March, according to the Marketing Directors, the sales agent for the building.

Units in the 43-story building sold for an average of $1,350 per square foot, said Allen Goldman, president of SJP Residential Properties, the project’s developer.

It’s been a long road for Platinum, located at 247 West 46th Street at Eighth Avenue. [more]

At peak, 51 percent of the buyers at the 505 at 505 West 47th Street had cases in federal court to rescind their contracts.

From the December issue: At peak, buyers of 55 out of 108 units (51 percent) at the 505 at 505 West 47th Street had cases in federal court to rescind their contracts, which were worth a combined $43.1 million. Six have since dropped their cases, and three have closed on their units (one received a 3.5 percent discount). The plaintiffs claimed Parkview, headed by Ian Reisner and Mati Weiderpass, failed to provide the property report required under the Interstate Land Sales Full Disclosure Act. After Parkview realized its mistake, the buyers claim it filed an amendment to the offering plan in an attempt to exempt itself from the law by removing eight units and combining another two, so the initial offering plan would only be comprised of 99 units. Developers across the city are fighting to keep buyers in contracts — but 20 condos and co-ops are facing a particularly tough time. Click here to read about the rest.

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