Portugal sells Dakota spread for $11.5M

The Dakota in the Upper West Side (Source: StreetEasy)
The Dakota in the Upper West Side (Source: StreetEasy)

Mired in an economic crisis, Portugal is selling off its assets, including an eight-room co-op at the Dakota at 1 West 72nd Street that the country has owned for 40-plus years, according to the New York Post.

John Burger and Guida De Carvalhosa had the listing, while Jason Haber, the founder of Rubicon Property, represented the buyer.

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The asking price was $12.95 million, though it was purchased for $250,000 in 1971, the Post said. The Upper West Side apartment, used for formal parties hosted by ambassadors, features three fireplaces and a 12-foot ceiling on the Dakota’s seventh floor.

In March, a three-bedroom unit at the Dakota went into contract, after several price slashes, for $11 million, a far cry from its listing price of $19.5 million. [NYP]Mark Maurer