Little Italy Buys New York ($50 Million)
By Anthony Longo 27 05 2007
Rumor has it that one of the buyers of one of the $50 million-plus condo at The Plaza is Italian real-estate tycoon Luigi Zunino, the CEO of Milan-based Risanamento S.p.A., one of Italy’s largest real-estate development companies.
The Math: 9100 sq/ft X $6100 per sq/ft = $56,120,000 (bonus = free 500 sq.ft terrace)
Sources: The Real Estate Bloggers, Observer, NYTimes
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