(NEW YORK, NY) — Sotheby’s International Realty is taking the tallest building in the Upper East Side to court.
According to reports, Sotheby’s is suing the owners of unit 36 in 520 Park Ave. for not paying commission on the sale of the $31.5 million apartment.
According to Sotheby’s, the defendant, 41-45 Property Owner LLC, is allegedly withholding between $945,000 and $1.8 million in commission.
It all started when Sotheby’s agent, Nikki Field, showed the unit to the owner of the Los Angeles Angels, Arte Moreno. According to reports, Field showed Moreno the apartment multiple times. Sotheby’s argues that since Moreno purchased the apartment, they are entitled to 3% commission.
However, the LLC believes the lawsuit is a waste of time.
“The purchaser never closed on a unit, the complaint has the wrong apartment, the wrong purchase price and the purchaser stopped working with the Sotheby’s broker many months before the purchaser was making its decision to purchase and had so advised the sponsor,” said Scott Mollen in a statement to reporters. “Like other responsible developers, it does not recognize demands for commissions that are clearly unearned.”