The founder of China’s largest private airline company paid $47.4 million for a full-floor condo at Extell Development’s’s One57.
Guoqing Chen, co-founder of HNA Group, closed on the 86th floor unit on Jan. 21, paying $7,645 per square foot for the luxury condo, according to property records filed with the city today.
Public documents list the buyer One57 86 LLC, but Chen’s name is listed on the $30.2 million mortgage. The mortgage, from China Citic Bank International Limited, also names Pacific American Corporation, of which he is CEO and vice president. Pacific American is a subsidiary of HNA Group.
Chen entered into contract in December 2011, putting down a 5 percent deposit. The condo was originally offered for $46.5 million according to an offering plan filed with the Attorney General’s office. The full-floor unit measures 6,200 square feet and has four bedrooms and four bathrooms.
SEE ALSO: Inside One57, Where New York's Most Expensive Penthouse Just Sold For A Record-Breaking $100 Million
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