Qatar Pur­chases Lav­ish Man­hat­tan Town­house Just For Maids

The Jewish Voice - - NEW YORK - By: Yosef De­latit­sky

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

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