UAE Permanent Mission cobbles together UES assemblage

$47M spread could hold a consulate or megamansion

TRD New York /
Aug.August 26, 2015 04:50 PM

United Arab Emirates diplomats could be plotting a new megamansion on the Upper East Side after buying two adjacent buildings on East 74th Street for a combined $47.3 million.

The Permanent Mission of the UAE to the United Nations acquired the buildings, at 37-39 East 74th Street, over the course of a year – buying one property from financier Eric Cleacher for $27.25 million last year and purchasing seven separate apartments in the building next door of a total of $20.64 million, according to city property records.

The acquisitions could be combined into one massive residential property or diplomatic consulate – with the UAE following the lead of Russian billionaire Roman Abramovich, who has forked over nearly $80 million in cobbling together several residences one block north for a mega-mansion of his own, according to the New York Daily News.

It’s been a busy year in real estate for Middle Eastern diplomats, with the Permanent Mission of the State of Qatar buying four apartments at Zeckendorf Development and Global Holdings’ 50 United Nations Plaza for around $45 million earlier this year. [NYDN]Rey Mashayekhi


Related Articles

arrow_forward_ios
128 East 73rd Street (Credit: StreetEasy)

“Exceptionally wide” townhouse sells at exceptional discount

Luca Orlandi and Felipe Dutra (Credit: Getty Images and Google Maps)

Designer Luca Orlandi sells UES townhouse for $27M

From left: 2785 Broadway, 521 Bergen Avenue in the Bronx, and 1685 First Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

The Real Deal takes a look at the calls made to NYC’s 311 hotline over the past year. (Credit: iStock)

What NYC tenants complain about the most by neighborhood

21 East 63rd Street (Credit: Compass)

The Chopard Mansion is on the market for $40M

Elie Hirschfeld and 11 East 68th Street (Credit: Getty Images, Sotheby's, iStock)

Elie Hirschfeld sells UES penthouse for $34M

Jeffrey Epstein will stay in jail while a judge decides whether to grant him bail (Credit: Getty Images, iStock)

Jeffrey Epstein will stay in jail for now as judge postpones decision on bail

Jeffrey Epstein

Jeffrey Epstein’s attorneys want him on house arrest inside $77M mansion ahead of his trial

arrow_forward_ios