Andrei Vavilov Calls $53.5M Plaza Hotel Penthouse "Attic-Like," Sues

Oct 10, 2008 | Updated May 25, 2011

NEW YORK (Reuters) - The buyer of a $53.5 million penthouse apartment in New York's famed Plaza Hotel says the apartment turned out to be an "attic-like space" with low ceilings and obstructed views, and he is suing for a refund plus damages.

The apartment's anonymous buyer, who made the purchase based on a video, is suing the hotel, developers El-Ad Properties and brokers Stribling & Associates for breach of contract, fraud, deceptive trade practices and negligence.

The buyer, who local media have identified as Russian financier Andrei Vavilov, is asking for the return of his $10.7 million deposit and for an additional $30 million in damages.

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