One Madison’s only active listing — belonging to Warren Buffet’s son — goes into contract

New York /
Apr.April 13, 2012 11:30 AM

Peter Buffet’s One Madison Park pad has gone into contract for an unknown amount of money, Curbed reported. Buffet, the son of billionaire Warren Buffet, listed the three-bedroom, three-bathroom apartment on the 18th floor in early March for $4.1 million, Curbed said.

Buffet bought the apartment, which was the only active listing at the 90-unit One Madison Park until this sale, for $3.56 million for it in 2009.

Just last week Related Companies reached a deal — estimated to be in the tens of millions of dollars — to settle most of the outstanding claims in the ongoing legal drama at the condominium. Related expects to relaunch sales late this year. The condo had been in bankruptcy since June 2010 after a group of three creditors, including Krauss High Tech Home Automation and the Krauss family, filed an involuntary bankruptcy petition, citing $11.6 million in unpaid loans and contractor fees at the development. [Curbed]


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