Qatar paid $41 million for a mansion in Manhattan just for servants
Saturday 15/July/2017 - 02:48 PM
Qatar's royal family has reportedly bought their third property in New York that will be used for their loyal servants، Daily Mail reported. The nation purchased the home from billionaire Andrew Farkas، who is the founder of real estate merchant bank Island Capital Group، according to Curbed. Qatar paid $41 million for the townhouse located at 12 E 73rd Street despite the asking price of $42.5 million when it first hit the market last June 2016. The sale of the 10،400-square-foot home closed in January of this year. 'They bought it because it backs directly onto their property at 7-9 East 72nd St،' according to a source. 'Andrew spent no expense renovating the place، but apparently it will be used for maids' quarters'. The townhouse overlooks parts of Manhattan as it features a comfy roof top.
Billionaire Andrew Farkas purchased the home for $23 million in 2007 and listed it as $42.5 million last year.
The impressive home was renovated within the last 10 years by Daniel Romualdez، the interior designer behind Skidmore، Owings & Merrill LLP's 252 East 57th Street and Robert A.M. Stern’s 70 Vestry.
According to local reports، the nation bought the home because it sits adjacent from two other properties that were bought by Qatar.