Did Sharif El-Gamal Get a Bargain on the Park 51 Space?


Kukiko Mitani, who sold the space now planned to become the Park 51 Islamic Center to Sharif El-Gamal for a reported $4.8 million in 2009, turned down previous, higher offers for the space, the Post reports today. El-Gamal had worked as a property manager for Mitani’s son, Sethian Pomerantz. Mitani hasn’t commented on the report, but previously said that she was in debt and desperate to sell the space in 2009, after her husband’s death. New York developer Kevin Glodek, however, says his $18 million bid for the space was rejected in 2007. Location, location, location! [NYP]

Related: Muhammad Comes to Manhattan [NYM]