O
rlando Bravo, founder of Thoma Bravo and the first Puerto Rican-born billionaire, is claiming another deal gone bad. He and his wife purchased the $79 million penthouse at 520 Park Avenue in New York City, but now he's suing the developers, Arthur Zeckendorf and William Lie Zeckendorf, over an impending neighboring skyscraper that allegedly will ruin the unit's unobstructed Central Park view.

    Bravo claims the Zeckendorfs knew of "secret plans" for a view-obstructing skyscraper because of their status as New York City real estate insiders. However, lawyers for the Zeckendorfs argue that Bravo's lawsuit is based on rank speculation and disregards clear written disclosures in the condo offering plan.

    The Zeckendorfs point out that the plan discloses that lot line windows are considered amenities that potentially can be lost, including the penthouse unit. They also claim that a photo used as evidence of the apartment's expansive views comes from north-facing windows, not the potentially obscured lot line windows.

    Bravo and his wife are seeking to rescind the sale and recoup any potential damages, but the Zeckendorfs argue that the case should be dismissed as "unripe" because nothing has risen yet to obstruct the penthouse views. The developers claim that Bravo's lawsuit is a blatant attempt to renegotiate an $80 million transaction.

    This isn't the first time Bravo's investments have landed in court. His private equity firm Thoma Bravo purchased RealPage for over $10 billion, only for the company to face antitrust lawsuits from state and federal justice departments. The penthouse sale was one of the priciest deals in the city last year, with the duplex penthouse initially conceived as a triplex that was asking $130 million when it hit the market in 2014.