Wednesday 2 September 2020

Condo board can’t stop sale of 1MDB penthouse at $33M discount

The buyer of a scandal-tinged penthouse at the Walker Tower in Manhattan might not receive the sunniest of receptions on move-in day. The Chelsea building’s condo board tried to block the sale of the full-floor unit by exercising its right of first refusal. The board argued that the $18.25 million sale price brokered by the Department of Justice — which seized the unit as part of the 1MDB corruption probe — would devalue their homes.



source https://therealdeal.com/2020/09/02/condo-board-cant-stop-sale-of-1mdb-penthouse-at-33m-discount/

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