UPDATE Jan. 30, 2pm: Qatar is in contract to buy the Wildenstein family’s Upper East Side townhouse for $100 million, The Real Deal reported. The record-breaking deal was brokered by Oren and Tal Alexander of the Alexander Team at Douglas Elliman.
The state of Qatar is in contract to buy an Upper East Side mansion for more than $90 million — a record price for a residential purchase in New York City.
The 41-foot-wide townhouse at 19 East 64th Street belongs to the art-dealing Wildenstein family, the New York Post reported. The 20,500-square-foot limestone Beaux Arts mansion, built in 1932, was unofficially for sale with an asking price of $125 million.
Qatar plans to use the luxurious space as a consulate and a showcase for local artists. Consul General Ahmed Yousef Al-Rumaihi was drawn to the building’s history, its location and its security features, the Wall Street Journal reported. The steel-construction, five-story building has reinforced floors to accommodate the weight of vaults. The townhouse also comes with a seven-car parking garage, currently under construction next door.
“Besides the location and width, it’s a turn-key property, which is what I think struck the state of Qatar,” Oren Alexander told The Real Deal. “They wanted something that was going to happen rather quickly, and everything else in terms of location or with the right width was a project, and they didn’t want a two- or three-year project. Foreigners especially don’t want to come to the States and go through the headache of hiring contractors and building something.”
The deal is scheduled to close in April. If the transaction goes through, it would trump the previous sales record set by a Russian oligarch who paid $88 million for a penthouse at 15 Central Park West in 2011.