The Real Deal New York

United Arab Emirates royals buy 15 CPW unit for $14.3M

Bodour Al Qasimi ranked No. 34 on the list of the most powerful Arab women

October 17, 2014 01:22PM
By Claire Moses

From left: 15 Central Park West, Sultan A Alqasimi and Bodour Alqasimi

From left: 15 Central Park West, Sultan A Alqasimi and Bodour Alqasimi

Bodour Al Qasimi, the founder of the Kalimat Publishing House and number 34 on Forbes’ most powerful Arab women of 2014 list, bought a $14.25 million unit at 15 Central Park West, together with her father Sheikh Sultan A. Alqasimi, according to property records filed with the city Friday.

The pair bought unit 2A in the Robert A.M. Stern-designed building. Nightingale and Orchard LLC is the seller of the unit. The roughly 2,900-square-foot unit last changed hands in October 2008 for $7.6 million. The apartment has three bedrooms and three-and-a-half bathrooms.

Living room at 15 Central Park West unit 2A

Living room at 15 Central Park West unit 2A

Sultan Al Qasimi is a member of the Supreme Council of the United Arab Emirates and rules the emirate of Sharjah.

According to property records, the royals already own a unit on the fourth floor of the Zeckendorfs-developed building.

Master bedroom at 15 Central Park West unit 2A

Master bedroom at 15 Central Park West unit 2A

The condominium development is one of Manhattan’s hottest buildings. Earlier this month, fashion designer Elie Tahari bought two condos for a combined $25.3 million. In May, a penthouse at 15 CPW was sold for $48 million.

  • LIMESTONE JESUS !

  • Darren Powell

    Amazing deal! Price doubled in 6 years. These investments in high end real estate are the best place to put money in today’s markets and have been for some time. 15 CPW is attracting a lot of smart money, especially since the Rybolovlev family and others have made their own investments

    • JJ

      Stock market tripled in 5 years , Oil quadrupled in 5 years

      • Darren Powell

        But they both have much higher volatility than these kind of high end real estate investments. The trend is of successful people placing a significant amount of resources in property as both a safe play but also one with a very good chance of yielding a superior return. But at the same time they maintain flexibility to invest in other things. A number of those overseas investors putting money into US real estate, for example, have also put cash into sports, fine arts and other “ultra alternative” asset classes. The Rybolovlevs at 15 CPW for instance are also invested in sports through the ownership of AS Monaco, a leading soccer team in Europe. The return on some recent player transactions has been impressive – but of course its the type of investment that goes beyond a purely financial return.

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