Qatar Purchases Lavish Manhattan Townhouse Just For Maids
In Qatar, even the maids live in luxury. According to a July report by Page Six, a 10,400 square-foot townhouse to be used as maids’ quarters was recently purchased by Qatar from Andrew Farkas, a billionaire and friend of Governor Andrew Cuomo.
“Andrew sold it to Qatar directly, with no broker involved,” a real estate source closed to Farkas was quoted as saying by Page Six. “They bought it because it backs directly onto their property at 7-9 East 72nd St. Andrew spent no expense renovating the place, but apparently it will be used for maids’ quarters.”
The $41 million maids’ townhouse is adjacent to Manhattan real estate purchased by Tamim bin Hamad Al Thani, the Emir of Qatar (one of the world’s richest countries). According to Page Six, the Emir purchased two townhouses for $26 million in 2002 from the Lycee France private school at 7-9 East 72nd Street, after the school’s relocation. In the ensuing years, the buildings underwent construction to be combined into a royal palace that would be one of New York’s largest private residences.
According to reports cited by Page Six, the Beaux-Arts properties purchased by Qatar are expected to feature two floors of bedrooms, an indoor swimming pool, a roof area measuring 8.500 square feet, and complex foyers on the first floor. Qatar’s Princess Sheikha Mayassa Bint Hamad Al Thani, an avid art collector pursuing a Master’s Degree at Columbia, was speculated to be the lavish town house’s resident. A
foreign relations expert quoted by Curbed said neighbors were “furious on all fronts” over the development.
The source cited by Curb Six added that Farkas had gotten a good deal by selling the townhouse to Qatar as opposed to the open market.
“Andrew spent no expense renovating the place, but apparently it will be used for maids’ quarters,” the anonymous source explained. “Andrew was lucky because the Upper East Side townhouse market is slow. If he’d sold it on the open market, he’d have [gotten] $20 million for it.”
Qatar is currently facing a diplomatic crises, with five Arab countries, including Saudi Arabia and Yemen, severing ties with the country earlier this month due to its alleged state-sponsored terrorism. The Real Deal noted that the country’s sudden isolation could lead it to increase real estate investments in New York, where it is currently the ninth-largest commercial property owner courtesy of its sovereign wealth fund.
According to a July report by Page Six, a 10,400 squarefoot townhouse to be used as maids’ quarters was recently purchased by Qatar from Andrew Farkas, a billionaire and friend of Governor Andrew Cuomo