Diddy’s scrapped UES megamansion is back on the market

Property at 807 Park re-listed for $29M

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
Sculpture artist Robert Hooke’s Sag Harbor home lists for $10M
Sculpture artist Robert Hooke’s Sag Harbor home lists for $10M
Sculpture artist Robert Hooke’s Sag Harbor home lists for $10M
 An industry report says that mortgage lenders and investors are ill-prepared for the growing challenge of climate risk. (iStock)
Mortgage market stakeholders are unprepared for growing climate change threats
Mortgage market stakeholders are unprepared for growing climate change threats
Macklowe Properties CEO Harry Macklowe, CIM Group Co-Founder Richard Ressler and 432 Park Avenue (Getty, CIM)
432 Park Avenue residents sue developers for $250M
432 Park Avenue residents sue developers for $250M
US household real estate values jump by record $1.2T
US household real estate values jump by record $1.2T
US household real estate values jump by record $1.2T
David Bitton, CMO and co-founder of DoorLoop and Ori Tamuz, CEO and co-founder of DoorLoop (Bitton, DoorLoop, Getty)
Startup DoorLoop to take on goliaths in rental management software
Startup DoorLoop to take on goliaths in rental management software
Richard Grossman
Brown Harris Stevens’ NYC president Richard Grossman steps down
Brown Harris Stevens’ NYC president Richard Grossman steps down
The six bedroom Sagaponack house (Out East)
Sagaponack mansion lists for $32M in East End’s supply-constrained market
Sagaponack mansion lists for $32M in East End’s supply-constrained market
Longfellow Real Estate Partners CEO Adam Sichol with renderings of 310 East 67th Street (Friends UES, Rendering by DBOX, Longfellow)
Blood Center rezoning on Upper East Side approved
Blood Center rezoning on Upper East Side approved
arrow_forward_ios

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

Loading...