![]() “Considering the pedigree and that you can move in with a toothbrush and be thrilled and happy in the apartment, I don’t think it’s overpriced,” she said. But Engel & Völkers’ Noel Berk, the listing agent for the $135 million unit on the 79th floor - which was custom designed by Japanese architect Hiroshi Sugimoto - disagreed. Ryan Serhant, the listing agent, did not respond to requests for comment. Alhokair bought the penthouse for $87.7 million in 2016. “There’s no precedent set for that,” he said. Multiple agents said the asking prices are too high.Ĭompass broker Richard Steinberg, part of the team that initially sold the building, called the $169 million price tag for Saudi retail magnate Fawaz Alhokair’s top-floor penthouse “an aggressive price,” particularly for a resale. Both units, one on the 96th floor and the other on the 79th floor, were listed after the building’s issues became public. ![]() ![]() Some point to current $169 million and $135 million listings as bellwethers for how deep-pocketed buyers view the building. Annual service fees related to the restaurant alone have ballooned from $1,200 in 2015 to $15,000 this year, according to the condo board’s lawsuit. The draws, agents say, include amenities ranging from personal concierge services and room service to a 75-foot swimming pool and fitness center managed by celebrity trainer Jay Wright’s wellness company, a private restaurant led by Michelin-starred chef Sean Hergatt and valet parking. ![]() As one agent put it: “So far, people buying paying very high rents don’t give a damn. But then again, there were only three sales in 2020 - a sharp drop from the 12 deals in 2019, before the pandemic.īoth units that closed since February went for more than their owners paid for them. Services Meghna offers include a complete marketing, budget + timeline audit then followed by detailed recommendations to enhance existing efforts + implement new strategies.Ībove all, Meghna understands the evolution of an idea to an actual experience or product and all of the nuances that go into making and keeping it special.Since February, when problems at 432 Park exploded into public consciousness in a New York Times story titled, “The Downside to Life in a Supertall Tower: Leaks, Creaks, Breaks,” only two sales have closed in the building, according to data provided by Serhant. Given the current state of the real estate development market which includes very low absorption and increased timelines due to COVID-19, Meghna is open to pursuing strategic consulting roles with development teams that will need consulting services to reposition their offerings to buyers, agents and renters. In 2020, Meghna founded Butterfly Voyage, a company purely focused on solving the need for innovative curation in the industry. Meghna loves using her vast network and sense of curiosity to find talented collaborators who possess the skill set + aesthetic required for new development along with companies that are the right cultural fit for development teams. She enjoys being a true team player who prizes thoughtful and respectful communication with everyone. Meghna prides herself on her strong work ethic, sense of integrity, and professionalism. Her past work experience includes roles at Corcoran Sunshine Marketing Group, Douglas Elliman, Stribling Marketing Associates and The Mark Company (now Compass). Meghna Krishna Bondili’s 16+ years of experience in real estate development includes selling, marketing, and branding $2BN of the most prominent buildings at the most notable new development marketing firms in New York and San Francisco.
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