Sky-high deal
A Malaysian party boy known for spending cash like it’s Monopoly money just plunked down $31 million for a plush penthouse in the Time Warner Center — the highest amount paid at the luxury site.
A corporation linked to Taek Jho Low — who has whooped it up with Lindsay Lohan, Megan Fox and Paris Hilton — scored the luxury pad about two weeks ago, sources said.
At more than $6,400 a square foot, it’s the most anyone has ever paid for a condo at 25 Columbus Circle.
The unit has a glamorous background — megastar rapper Jay-Z once lived there.
Sources involved in the deal confirmed that Low is linked to the entity that purchased the posh pad. A spokesman for Low did not return calls.
Insiders, however, said that a “bevy of beautiful Asian women trailed by American men in suits” toured the glamorous 76th-floor condo several times during the negotiations.
Low himself toured the property two years ago, when it was first quietly put on the market.
The 4,825-square-foot condo was owned by Todd Wagner, who co-founded Broadcast.com with Dallas Mavericks owner Mark Cuban. Wagner bought the pad for $27 million in 2007 from real-estate investor Michael Hirtenstein, who had rented the apartment to Jay-Z.
And this isn’t even Low’s first Manhattan trophy property.
Last year, Low paid a whopping $33 million for a penthouse once owned by Donald Trump at 1 Central Park West.
Nine months after Low bought the condo, he sold it for $30 million — a stunning $3 million loss.
Before he bought the Central Park West pad, Low was paying $100,000 a month at the Park Imperial, on West 56th Street.
Low, 28, was also spending $50,000 a month for members of his entourage to live in other apartments
At the same time, he was throwing away more than $100,000 some nights at city hot spots.
After Low’s high-spending ways made headlines, he sank under the radar — until recently.
Along with being spotted in nightclubs, Low has also told members of New York’s jet set that he will be in St.-Tropez today to party and spend oodles of money.
There’s been speculation that Low works for an investment fund, but it’s unknown what he does for a living.
