France Sells New York Property for $48 Million

It would seem that France has begun to capitalize it’s more important real estate properties, as seen by the choice to sell a high-end apartment in New York, with Park Avenue views for 48 million dollars (around 35 million euro). Up until recently the property was used by the permanent representative of the ONU of the transalpine nation in New York.

France Sells New York Property for $48 Million

The luxurious apartment consists of six exquisite bedrooms and five bathrooms. The property makes up a total of 18 individual spaces, all of which are connected via a private elevator, with 38 windows which look out onto one of the most chic neighborhoods in New York.

France Sells New York Property for $48 Million

Furthermore, the apartment is steeped in history. It was in fact built by Jacqueline Kennedy Onassis’s father in 1929. In that period it was known as the residence of famous jetsetters. In addition, the building in which the French states apartment is found is renowned for its appearance in the book “740 Park: the story of the world’s richest apartment building.”

France Sells New York Property for $48 Million

The building extends over a total of nineteen floors, making up 31 apartments, which have always been graced by wealthy entrepreneurs and personalities from fashion to showbiz.

France Sells New York Property for $48 Million

The Minister of Foreign Affairs began the sale of  excess properties a number of years ago, but this New York property is the most prestigious to have been put on the market  so far. The Parisian government believes that the apartment is too big  and luxurious for its destined purpose. In the space of six years, France has cashed 300 million euro from its real estate sales.

France Sells New York Property for $48 Million

It won’t be easy to find a buyer for the New York residence as the property is handled by a sort of cooperative. In order to be eligible for negotiations it is necessary to be approved by the board by demonstrating the possession of assets four times greater than the buying price, in this case at least 200 million dollars.

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