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Testimonials

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Sandro Rosell
FC Barcelona President
Saturday, October 21, 2017

Linda one, and Harry zip, in the ongoing messy divorce of the billionaire Macklowe couple. Though they are still disputing the value of the luxurious 14,000-square-foot condo in the Plaza Hotel, one fact that is for sure, is that the posh pad will go to Harry’s soon-to-be-ex-wife Linda.

On Thursday, September 28, the couple battled in court, each side given extremely different appraisals of one of the grandest residences in the Big Apple. While Harry says the apartment, with panoramic views from its 54 windows, a personal art gallery and a gigantic master suite, is valued at $107 million, the 79-year-old Linda claims the condo is worth only half that at $55 million.

Harry’s lawyers accuse Linda of under appraising the unit’s value, in order to claim more cash from the overall estimated $2 billion fortune of her real estate developer husband.

On Thursday, even a veteran appraiser testifying on behalf of Linda could not deny being awe struck by the magnificence of the residence. Jonathan Miller, who has over three-decades of experience appraising New York City properties, testified, “It’s a wide open, almost loft like space that looks to me like an art gallery.”

In reference to the master bedroom, he said, “It’s extremely large. It’s probably the largest master bedroom I’ve ever been in in my career.”

The apartment is in the Plaza Hotel’s unit No. 710. After the 1907 landmark hotel partial converted to condos ten years ago, the unit was completely renovated.

Miller said, “The master suite and part of the living area faces north, and then the art gallery– which is about two-thirds or three-quarters of the space– faces generally east over the Plaza fountain and then past that is Fifth Avenue. It all fronts on the park and there’s a bathroom and there’s dressing rooms and an office.” In addition, there is also a library, guest bedroom, maid’s room, a conference room and five bathrooms.

Miller said it was difficult for him to appraise the property, since “there aren’t apartments like this configuration in the market.”

Dan Rottenstreich, Harry’s lawyer, asked why the many amenities of the luxury Plaza building, including room service, valet parking and a spa, were left out of his testimony.

Miller simply responded, “There are amenities every building has amenities.”

The 80-year-old Harry gave up this dream home for a nearby apartment. According to The Post, “He’s already secured Dept. of Buildings plans to turn the 78th floor of his new skyscraper at 432 Park Ave. into a love nest for him and his French mistress.”

By Rebecca Gold