Russian Executive Oleg Baibakov has listed his apartment at the Mandarin Oriental Hotel for $18.5 million. He purchased the unit in 2007 for $13.5 million after offering $500K above the asking price. This deal also came after Baibakov 'turned up his nose at a penthouse at the Plaza' because the developer, 'in an effort to maintain a sense of mystery, did not allow an inspection of the raw space.' Yeah, well we all know how that mystery turned out.
Anyways, before the 2007 sale, the apartment was purchased in 2005 for $9.4 million. Looks like things are only looking up for the residences at the Mandarin. Have a peak at the floorplan after the jump.
80 Columbus Circle, Brown Harris Stevens; Soft Market? What Soft Market?
Image via NY Guide to Hotels
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