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Real Estate Trends

Taxpayer Alert! U.S. Government Buys $16M Penthouse at 50 UN Plaza

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This is not typical government housing: The United States of America is now the proud owner of a posh penthouse at 50 United Nations Plaza. Our tax dollars paid $15.85 million for the luxury pad in May, real estate records show.

The pricey purchase on the 37th floor will house the U.S. Ambassador to the United Nations. The lucky inhabitant looks to be the acting U.S. Ambassador Jonathan Cohen, who succeeded Nikki Haley when she resigned her post at the end of 2018.

Haley lived in the same building, but she rented her 40th-floor unit. Her stay wasn’t without controversy. According to the New York Times, the State Department had paid $52,701 to install custom mechanical curtains in her  $58,000-a-month rental. 

There is a little positive news: Our federal dollars weren’t spent on a bidding war. The unit purchased was initially listed for $24,250,000, so the government paid about $8.4 million less.

Living space

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City and river views

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Living room with floor-to-ceiling windows

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Dining room

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Eat-in kitchen and family room

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Master suite

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Built in 2015, the 88-unit tower was developed by Zeckendorf Development in partnership with Global Holdings Inc. The firm of Foster + Partners handled the interiors and architecture.

The finished product offers views of the midtown skyline, the East River, and the United Nations Secretariat Building.

The full-floor condo has five beds, 6.5 baths, and two staff bedrooms, should they be needed. Our ambassador can entertain global leaders in the spacious living room, dining room, and library with bay windows and 11-foot ceilings.

The large kitchen features an eat-in area and family room. The space is equipped with black granite counters, two Miele dishwashers, two wall ovens, a “speed oven,” and two Sub-Zero refrigerators.

The building is staffed and offers residents a gym, swimming pool, and steam room. 

The new tenant of this unit will be one floor down from the U.K.’s representative to the U.N., whose government also snagged a full-floor unit, according to the Guardian.

If Haley’s Twitter account is a guide, the luxe apartment will serve as a place to practice plenty of cocktail party diplomacy.

The post Taxpayer Alert! U.S. Government Buys $16M Penthouse at 50 UN Plaza appeared first on Real Estate News & Insights | realtor.com®.

Source: Housing Trends Feed

The ‘Fixer Upper’ Curse: Why Chip and Joanna Gaines Homes Can Be Hard to Sell

realtor.com; Getty Images You’d think the “Faceless Bunker” house, as it was dubbed when it was featured on the second season of HGTV’s “Fixer Upper,” wouldn’t have a problem attracting a buyer. After all, the modern beach-themed, 4,000-square-foot abode with lake views was given a face-lift by none other than Chip and Joanna Gaines. The […] Continue reading →

The Ugly Truth About Amazon’s Gorgeous $100K House

Q-haus Amazon sells just about everything, even homes. The online giant has boasted several listings for tiny houses recently, with some going viral. Now, Amazon is upping its house-selling game with a new three-bedroom, two-bathroom, 774-square-foot house for $105,000. The home features an open kitchen, dining room, and even a sauna. It comes fully furnished, […] Continue reading →

8 Best Back-to-School Organization Ideas That Are Unbelievable Bargains, Too

Back-to-school mania has begun! Indeed, back-to-school sales and deals abound to get you and your little ones prepared for fall. But don’t forget, your home might need a back-to-school organizational makeover, too. Even with the best intentions, back-to-school season can be chaotic and stressful. Family members are going in different directions, leaving a stream of […] Continue reading →

How Much Would It Cost to Buy Greenland—and How Would You Calculate That Price?

Elizabeth M. Ruggiero/iStock Everything has its price — and Greenland is no exception. President Donald Trump on Sunday confirmed that his administration has discussed the idea of buying the ice-capped island, though Denmark says it’s not for sale. In fact, the U.S. unsuccessfully tried to purchase the island in 1867 and 1946. The U.S. offered $100 million in […] Continue reading →