Sony Music CEO Doug Morris Sells NYC Condo for Small (By NYC Standards) Profit
CEOs, they’re just like us! Not really, but rest assured they too got hosed during the housing bubble of the late aughts. Just ask Sony Music Entertainment head Doug Morris, who recently sold his 1,985-square-foot apartment at The Plaza — where Kevin holed up in Home Alone 2 — for only $100,000 more than he paid for it in 2007.
According to the New York Daily News, an unidentified buyer purchased the home for $10 million, far below the $11.45 million asking price from an October listing with the Corcoran Group. Frequent any NYC real estate blog and you’ll typically see luxury homes in Manhattan going for millions — sometimes tens-of-millions — more than what the seller paid just a few years prior.