The obscenely rich Prime Minister and Foreign Minister of Qatar, Sheik Hamad bin Jassim bin Jaber al-Thani who had a terrible time shopping for real estate in the Capital of the World, New York City, has finally landed. The powerful Qatari Royal first eyed to purchase two of the co-op apartments belonging to the 907 Fifth Avenue estate of late copper heiress known for her reclusiveness
The seller, real estate tycoon in New York Aby Rosen, whose company owns the Seagram Building and Lever House, originally listed this 22,000 sq ft. five floor neo-Italian Renaissance mansion for $75 million in 2008, to become one of the New York City's most expensive listing, but dropped the price to $50 million after refusing two offers of over $60 million before the real estate market crashed.
However, in year 2008, another 1016 Madison Avenue mansion near media mogul and New York City's Mayor
Now, the Sheik Hamad quietly purchased it for $47 million. The deal was reportedly done with huge secrecy and without a broker. Also, the estate was purchased through an LLC, Tower Management Holdings, in an effort to protect the identity of the buyer.
Reportedly, Rosen purchased this property for just $15.65 million in 2004 through his sister-in-law, Serena Broadman of Sotheby’s International Realty, who was the listing broker. Though Rosen never lived there, but the property was famed for the lavish parties thrown there by real estate mogul.
Built back in 1922, Qatar prime minister’s new 45-feet-wide townhouse in New York measures approximately 21,000 sq. ft, and boasts of a grand marble arched entryway and curved main staircase.
The estate also housed the 2009 Kips Bay Boys and Girls Club Designer Show House, and was designed by an renowned architect, C.P.H Gilbert.
Also check out the other most expensive homes sold in the US.