Paramount Realty’s Misha Haghani, m127
Paramount Realty USA has closed on the last unit at Cardinal Investment’s m127 condominium — a three-bedroom duplex penthouse — for $2.18 million, or $965 per square foot. “We are very pleased to have totally sold out the entire building,” said Misha Haghani, a principal at Paramount Realty USA, the auction company that sold the building’s five other units at a June 27 auction, netting a total sale of approximately $9 million. Paramount Realty USA’s June auction of the m127 condo units — at 127 Madison Avenue between 30th and 31st streets — was attended by 400 people, and was the first developer auction of a Manhattan condominium development in almost 20 years. “The auction model is a powerful way for sellers to regain leverage in a buyer’s market,” added Scott Burman, another principal at Paramount. TRD