By: Alicia Gomez
A 12,000-square-foot home located at 29 Beekman Place in Manhattan – closed to the UN – is off the market.
The digs, the subject of legal wrangling for years, was once the home of the late princess of Iran. It reportedly sold for much less than its asking price.
A real estate firm in Scarsdale, NY, is reportedly purchasing the property that served as home to the late Princess Ashraf Pahlavi of Iran, who died four years ago at the age of 96.
“An LLC linked to Finkelstein Timberger East Real Estate went into contract to buy the home for $11.5 million on June 4, according to court documents,” therealdeal.com reported. “The seller, Wansdown Properties Corporation, is an entity created to manage the princess’ assets. Finkelstein Timberger manages a portfolio of more than 3,500 apartments in buildings throughout the Bronx and recently refinanced several of them in a large deal with Morgan Stanley. Compass broker Charlie Attias and a Rosewood Realty team led by Greg Corbin brokered the deal.”
Super-expensive properties have been moving. According to the weekly Olshan Realty report, no fewer than four big money homes with asking prices of more than $4 million went to contract during the week before New York City moved to Phase 1 of reopening.
“The No. 3 contract was a townhouse at 29 Beekman Place, asking $11.45 million, a significant reduction from the $49.9 million it was asking when it listed in 2014,” noted mansionglobal.com. “The house was purchased in 1980 by Princess Ashraf Pahlavi, the twin sister of the last Shah of Iran. The property has been tied up in complicated lawsuits since her death in 2016. As a result, the property was thrown into bankruptcy court. Due to a confidentiality agreement, listing brokers Charlie Attias of Compass and Greg Corbin of Rosewood Realty would not reveal any details of the sale.”
Princess Ashraf ol-Molouk Pahlavi, who was born on October 26, 1919, was the twin sister of Mohammad Reza Pahlavi, the last Shah of Iran and a member of the Pahlavi dynasty. She was considered the “power behind her brother” and was instrumental in the 1953 coup which led to him taking the throne, according to Wikipedia. She served her brother as a palace adviser and was a strong advocate for women’s rights. Following the Iranian Revolution in 1979, she lived in exile in France, New York, Paris and Monte Carlo and remained outspoken against the Iranian Islamic Republic.