Diddy’s scrapped UES megamansion is back on the market

Property at 807 Park re-listed for $29M

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

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

The former Food Emporium space at East 59th Street and First Avenue and a Trader Joe's (Credit: Google Maps, Wikipedia)

Trader Joe’s to open new UES store under Queensboro bridge

Jeff Zucker and 32 East 64th Street, Apt 3W (Credit: Getty Images)

CNN chief lists Lenox Hill co-op for $17M

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens