Tuesday, July 3, 2012

$100 MILLION On New York's Most Expensive Penthouse

King of the Castle: Views from the castle in the sky will be unparalleled over all of Manhattan, the outer boroughs and beyond; the Sheik brought the property before even seeing it as it is not yet completed

Revealed: Qatar Prime Minister Spends $100 MILLION On New York's Most Expensive Penthouse (And He's Looking To Buy Four More Condos In The Same Building) -- Daily Mail

* The property in Midtown's One57 building was purchased by 'mystery buyer' in May
* The Qatari PM brought the two story apartment for between $90-$100m
* He's discussing buying four separate condos for a further $100-$150m
* His earlier $31.5m bid for two Fifth Avenue apartments belonging to the late copper heiress, Huguette Clark, was rejected

The prime minister of Qatar has been revealed as the mystery buyer who spent almost $100 million to purchase New York City’s most expensive penthouse.

Sheikh Hamad bin Jassim bin Jaber al-Thani brought the luxurious two-story apartment spread over 10,923 square feet in the One57 building back in May.

Furthermore, the billionaire sheikh, who has two wives and 15 children, is reportedly also in discussions about buying four separate, full-floor condos in the exclusive Midtown building, which would bring the total cost to an incredible $250 million.

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My Comment: Something tells me that after spending all of this money, he will probably rarely show up to turn on the lights.

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