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The $31M fixer-upper

Looks like the Russian family who walked away from a deal to buy an $18.5 million, 5,500-square-foot penthouse at the Trump International Hotel and Tower might want to drown its sorrows in vodka.We previously reported that the family, whose name has been hidden under a limited liability company, abandoned their 10 percent deposit on the foreclosed condo (once owned by financially challenged Italian film producer Vittorio Cecchi Gori) because they were worried about the expense of renovating the place. But yesterday, it was auctioned off for more than $31 million, with a different limited liability company beating four other pre-qualified buyers in a final round of bidding. Sources say the winning bidder might be connected with Malaysian party boy Jho Low. The penthouse is a serious-fixer upper. A source says it is “totally gutted” and a full renovation could cost $10 million.

 

 

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HOWARD MARGOLIS

HOWARD MARGOLIS

Licensed Associate Real Estate Broker


575 Madison Ave

New York, NY 10022

Office: 212.350.2258

Mobile: 917.509.7620

 

MARIE ESPINAL

MARIE ESPINAL

Licensed Real Estate Salesperson


575 Madison Ave

New York, NY 10022

Office: 212.350.2240

Mobile: 718.772.2400

 

JEFF ADLER

JEFF ADLER

Licensed Real Estate Salesperson


575 Madison Ave

New York, NY 10022

Office: 212.350.2262

Mobile: 917.968.5134

     

 

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