The Real Deal New York

Platinum Properties threatened with buyer’s suit over 200 Chambers penthouse sale

March 26, 2013 03:30PM

David Wilkenfeld, the founder of prom and special occasion fashion retailer, is planning to file a lawsuit against Daniel Hedaya, the president of residential brokerage Platinum Properties, over the sale of the penthouse at 200 Chambers Street, the New York Post reported. Wilkenfeld claims that Hedaya lied to him about the square footage of the apartment, where he signed a contract this past November.

Platinum marketed the unit as a 4,700-square-foot apartment, but Wilkenfeld allegedly saw in the condominium offering plan that the home measures 4,548 square feet. The businessman acknowledged that Hedaya pegged the difference to the inclusion of hallway space, but maintains that the unit is still 96 square feet smaller than advertised. He also claims Hedaya failed to disclose that he was simultaneously representing the buyer, which is mandated under state law.

Wilkenfeld is seeking $2.1 million, or four times Hedaya’s commission, as well as the difference between the $13 million sale price and the unit’s apparent value at the larger size. He is represented by Adam Leitman Bailey, of the eponymous law firm.

Wilkenfeld said that he was “pressured” to sign the sale contract, which contained the correct real estate tax figures and common charges, in a hurry during Hurricane Sandy.

Neil Capobianco, Platinum’s lawyer, did not respond to the Post’s request for comment. Platinum officials also didn’t respond to a request seeking comment. [NYP, 1st item]Zachary Kussin