Former Esprit executive relists Plaza Hotel condo with $10M price cut

Jurgen Friedrich listed the property last year for $39.5M

TRD New York /
Mar.March 13, 2018 08:38 AM

Astor Suite at the Plaza Hotel

After two failed attempts to sell his condo at the Plaza Hotel, billionaire Jürgen Friedrich has cut the price by $10 million and relisted the unit.

Friedrich, founder of fashion brand Esprit, listed his four-bedroom unit — dubbed the “Astor Suite” for John Jacob Astor VI, who stayed at the hotel as a guest — for $29.95 million, Mansion Global reported. This is Friedrich’s third attempt at selling the fifth floor condo.

He purchased the unit in 2007 for $25 million and quickly tried to sell it a year later for $55.5 million. Last year, he listed the condo for $39.5 million.

The suite is a combination of two units on the floor, which together span 5,102 square feet. Douglas Elliman’s Melanie Lazenby and Dina Lewis are handling the listing. [Mansion Global]Kathryn Brenzel


Related Article

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Aggressive iBuyer Opendoor acquires title and escrow company

Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion

Nashville broker posts oral sex selfie alongside kitchen and pool listing pics

From left: Rory Golod, Robert Reffkin and 1328 Fulton Street (Credit: Google Maps)

Compass is growing rapidly in UWS and Brooklyn

Elevated risk: Malfunction at NYCHA is putting public housing residents at greater risk of being injured in its elevators

How do brokers get listings from the Department of Justice?

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

arrow_forward_ios