An entity tied to Ace Hotel co-owner Stefanos Economou sold two units at 432 Park Avenue for $60 million, just about what he paid for them in 2016. The apartments at the Macklowe Properties and CIM Group-developed tower were listed for $68.5 million, or over $8,500 a foot, in December. The buyer is an anonymous LLC, property records filed Friday with the city show. The two units, though not combined, span a full floor. Together, […]
source https://therealdeal.com/2018/06/08/after-legal-war-ace-hotel-co-owner-sells-two-432-park-pads-at-60m-break-even/
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