Feb 4, 2009 02:12 PM
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New York, 8:56 AM
Sat Mar 20
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The craziness at the Plaza continues. In September, Russian financier Andrei Vavilov sued the Plaza to get back the $10.7 million deposit he plunked down on two penthouse apartments. Developer El-Ad countersued, and last week the two sides reached a compromise: As part of the deal, Vavilov paid $11 million for the smaller of the two penthouses that he'd originally planned to buy, in lieu of getting his deposit back. But that doesn't mean you'll be seeing Vavilov around the Plaza in the future. He's already re-listed the 2,906-square-foot spread with Brenda Powers and Elizabeth Lee Sample of Brown Harris Stevens for $12.5 million. [NYO, BHS]
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