Inside the New York Plaza Hotel’s latest $50M listing

Insurance tycoon Barry Kaye is hoping to triple his money on the sale

1 Central Park South #301
1 Central Park South #301

Florida-based philanthropist and retired insurance tycoon Barry Kaye and his wife Carol have listed their apartment, created from the former state rooms at The Iconic Plaza Hotel, for $49.5 million. The listing was the steepest of week.

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plaza28f-2-web plaza28f-3-web plaza28f-1-web The couple picked up the three-bedroom, 3,412-square-foot condo for just $13.6 million in 2008, according to the New York Daily News. plaza28f-4-web The third-floor apartment, located at 768 Fifth Avenue, features an elaborate master suite with two bathrooms and two walk-in closets, electric shades and access to The Plaza‘s spa and gym. [NYDN] Christopher Cameron