Plaza PH buyer spends $29M to expand aerie

Anonymous owner snagged Christian Candy's PH for $32.7M in 2017

TRD New York /
Mar.March 19, 2019 03:50 PM

1 Central Park South’s penthouse

UPDATED, July 18, 2019, 8:15 a.m.: The owner of the Plaza Hotel’s triplex penthouse is upsizing.

The anonymous investor — who scooped up the 6,300-square-foot aerie from developer Christian Candy for $32.7 million in 2017 — just shelled out another $29 million for a duplex several floors below it, records show. The signatory on the seller’s entity appears to be Jose Antonio Perez Helguera, managing director of Miami-based Agave Holdings. The LLC is tied to Juan Beckmann Vida, Mexican billionaire and majority owner of José Cuervo. He purchased the unit for $22.9 million in 2008.

Combined, the two units span more than 10,000 square feet. According to filings with the city, the buyer — shielded by a shell company dubbed PH 2003 Unit LLC — obtained a $27 million mortgage from Maxim Credit Group. The loan covers both units and was signed by Duo Liu.

The newly-acquired duplex spans 3,974-square-feet with another 480 square feet of terrace space. After Helguera purchased it in 2008, the penthouse underwent a “floor-to-ceiling renovation, taking many years to perfect,” according to a listing provided by Sotheby’s International Realty’s Elizabeth Sample and Brenda Powers. The condo was originally listed last year asking $34.95 million.

It’s unclear if and how the two units will be physically combined.

Before being purchased by its current owner, the Plaza’s triplex penthouse lingered on the market for several years.

Candy originally listed the 6,300-square-foot condo for $59 million in 2013. After several price chops and broker swaps, the unit sold for $32.7 million. The developer of London’s One Hyde Park paid $25.92 million for the pad in 2012. It was formerly owned by Russian oligarch Andrei Vavilov, who compared it to an “attic.”

Correction: This story has been updated to clarify that Jose Antonio Perez Helguera, managing director of Miami-based Agave Holdings, was the signatory for Juan Beckmann Vidal. Beckmann Vidal was the seller of the unit.


Related Articles

arrow_forward_ios
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Photo illustration of the Williamsburg Bridge (Getty, iStock) 

As Manhattan struggles, Brooklyn’s sales market is “booming”

As Manhattan struggles, Brooklyn’s sales market is “booming”
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
Zillow's Rich Barton (iStock)

Zillow launches brokerage to boost iBuying

Zillow launches brokerage to boost iBuying
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
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
arrow_forward_ios

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

Loading...