Diddy’s scrapped UES megamansion is back on the market

Property at 807 Park re-listed for $29M

TRD New York /
Nov.November 01, 2018 09:30 AM

From left: Siraj Dadabhoy, 807 Park Avenue, and Michael Betancourt

The Upper East Side building that was once slated to be a megamansion for rapper and producer Diddy is back on the market. Yet again.

The property at 807 Park Avenue is listed for $29 million, down from $31 million in August, the New York Post reported. It was listed for $39 million last year.

Stribling’s Alexa Lambert, Timothy Desmond, Linda Melnick and Marc Achilles have the listing.

The building is for sale after Diddy scrapped his plans for a megamansion and sold it to current owner Aion Partners, for $14.3 million in 2004. He purchased it for $12 million in 1998.

Since the sale, Aion, led by Siraj Dadabhoy and Michael Betancourt, has tried to sell three condos in the building, ranging from $12 million to $16 million. It also attempted demolishing the building. And now the whole property is for sale.

The building is being marketed as an income-producing property or family compound, the Post said. The 24,000-square-foot property has three four-floor residences. [NYP] — Meenal Vamburkar


Related Articles

arrow_forward_ios
HFZ Capital’s condo the XI has sold 38 of its 236 units (iStock)

HFZ’s Chelsea condo now effective, with 16% of units sold

HFZ’s Chelsea condo now effective, with 16% of units sold
421 Broome Street (Google Maps)

Soho penthouse buy sets record despite price chop

Soho penthouse buy sets record despite price chop
Oxford Property Group CEO Adam Mahfouda and (inset) the late Bianka Yankov (Mahfouda courtesy of Propco Holdings, iStock, Linkedin)

Oxford Property Group acquires Spire, expands to nearly 800 agents

Oxford Property Group acquires Spire, expands to nearly 800 agents
Brooklyn’s Sunset Park is in the midst of a severe housing crisis and in desperate need of affordable housing. (Photo by Jim.henderson via Wikipedia)

Sunset Park faces severe affordable housing shortage: report

Sunset Park faces severe affordable housing shortage: report
305 East 61st Street and Jason Carter of Carter Management Corp. (Google Maps; Carter Management Corp.)

Upper East Side condo conversion fetches $51M at auction

Upper East Side condo conversion fetches $51M at auction
209 Dean Street and 315 Adelphi Street (Google Maps)

Sprawling Brooklyn townhouses drive week’s priciest deals

Sprawling Brooklyn townhouses drive week’s priciest deals
The number of single-family homes on the market hit historic lows in July, driving prices up (iStock)

US housing supply reaches nearly 40-year low

US housing supply reaches nearly 40-year low
Gov. Andrew Cuomo with Judge Lawrence Marks and Judge Daniele Chinea (Getty, Linkedin, iStock)

Flip-flop on eviction ban extension highlights state’s chaotic response

Flip-flop on eviction ban extension highlights state’s chaotic response
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...