The Real Deal New York

Qatar buys four units at Zeckendorf’s 50 UN Plaza for $45M

UN Mission purchased three-bedroom apartment and five-bedroom penthouse
By Claire Moses | April 09, 2015 11:30AM

UPDATED 2:15 p.m., April 9: The Permanent Mission of the State of Qatar bought four apartments at Zeckendorf Development and Global Holdings’ 50 United Nations Plaza for approximately $45 million, according to property records filed with the city today.

Qatar bought a three-bedroom unit on the 33rd floor for $9.4 million — down from its original asking price of $10.2 million — and a five bedroom, 6.5-bathroom penthouse on the 35th floor for $19.4 million. The original asking price for that unit, which spans more than 5,800 square feet, was $22.2 million.

When the 43-story tower located right by the United Nations headquarters at East 43rd Street and First Avenue, opened in 2013, it broke records for the neighborhood with listings that included a $70 million duplex penthouse among its 88 units.

William and Arthur Zeckendorf broke ground on the project in November 2012 and the building topped out in July of the following year. The project had been stalled for roughly four years, due to the recession.

The Zeckendorfs bought the site for $160 million in 2007. They are also developing 520 Park Avenue, which will have a $130 million penthouse.