Plaza condo to sell for $40 million-plus

February 14, 2011 02:07PM

Russian composer Igor Krutoy and his wife, Olga, have wrapped up an epic search for Manhattan trophy apartments with a contract signing for a Plaza Hotel condominium for upwards of $40 million, according to the Wall Street Journal. If the sale closes, it will be the second-priciest residential sale in the city since the collapse of Lehman Brothers, behind the Duke Semans Mansion, which sold for $44 million last year. (William Zeckendorf’s own penthouse atop 15 Central Park West is also reportedly in contract for $40 million). For their money, the Krutoys will get around 6,000 square feet with views of Central Park — a combination of at least two renovated units — that wasn’t officially on the market, brokers said. Before settling on the Plaza, at 1 Central Park South, the couple had apparently made offers on apartments at the Time Warner Center and 15 Central Park West, including the 35th-floor two-unit combo at 15 Central Park West that’s currently asking $55 million and being rented in part by the Yankees’ Alex Rodriguez. [WSJ]