Court battle continues over Pierre unit

TRD New York /
Aug.August 05, 2009 09:56 AM

A court complaint filed yesterday accuses Princess Firyal of Jordan, companion of financier Lionel Pincus, of impeding the sale of Pincus’ 7,000-square-foot duplex at the Pierre Hotel at East 61st Street. Pincus’ sons, Matthew and Henry, who filed the papers in New York State Supreme Court, say they want to sell the apartment partly because the upkeep is so expensive. The proceeds of the sale are to go to charity unless Pincus dies before it is sold, in which case it would go to Princess Firyal. She has argued in past court filings that Pincus bought the apartments for them to live in together, giving her a right to the property even though they have never lived there together. The property is available now as one or two units. The asking price last year was $50 million. Pincus’ sons were reportedly close to selling one of the two units for $18 million earlier this year, but the deal fell through. [NYT] and [NYO]

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