Qatar Lists Manhattan Townhouse for $32 Million

Qatar has put its Beekman Place townhouse in New York City on the market for $32 million, marking a shift in the nation's real estate strategy in the Big Apple. This price tag dips slightly below the $35 million Qatar paid for the property in 2013, reflecting both adjustments in the luxury market and Qatar's evolving investment priorities.

Originally acquired as an official state residence, the six-story townhouse located at 21 Beekman Place holds a significant place in Qatar's decade-long real estate expansion in New York. The decision to sell comes amidst a strategic reevaluation of the nation's property holdings within the city.

Despite shedding this particular asset, Qatar remains a major player in Manhattan's real estate landscape. Currently estimated to hold a portfolio exceeding 10 million square feet, Qatar holds the distinction of being the largest foreign investor in New York City as of 2023.

The 7, 300-square-foot townhouse boasts an array of luxurious features, including five spacious bedrooms, two private terraces, and a rooftop garden, perfect for entertaining or enjoying breathtaking city views. Built around 1910, the property embodies the elegance and charm of Beekman Place, a historic Manhattan enclave known for its townhouse architecture and affluent residents.

While the specific reasons behind the sale are undisclosed, analysts suggest it could be a response to a softening luxury market in New York. After a period of significant growth, the high-end real estate sector has witnessed a slight cooling off in recent years. This, coupled with Qatar's potential desire to streamline its property holdings, might have influenced the decision to list the Beekman Place townhouse.

The sale of this property presents an opportunity for a discerning buyer to acquire a piece of prime Manhattan real estate steeped in history and luxurious comfort. Whether it attracts a new resident seeking a grand home or an investor looking for a prestigious property, the Beekman Place townhouse is certain to garner significant interest in the competitive Manhattan market.

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