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France puts UN ambassador's residence in New York up for sale for $48m | France puts UN ambassador's residence in New York up for sale for $48m |
(35 minutes later) | |
France's indebted government is selling the Park Avenue residence of its UN ambassador, located in one New York's most prestigious apartment buildings, for an asking price of $48m. | France's indebted government is selling the Park Avenue residence of its UN ambassador, located in one New York's most prestigious apartment buildings, for an asking price of $48m. |
The sale of the 18-room duplex with five fireplaces is part of a long-planned sale of state-owned real estate to help France reduce its €1.9tn debt. | |
The foreign ministry confirmed on Thursday that the apartment at 740 Park Avenue, once dubbed the world's "richest apartment building", was up for sale. | The foreign ministry confirmed on Thursday that the apartment at 740 Park Avenue, once dubbed the world's "richest apartment building", was up for sale. |
A former diplomat, speaking on condition of anonymity as he no longer holds an official position, said France's UN ambassadors, including the current envoy Gerard Araud, host dinners at the apartment almost every night. | A former diplomat, speaking on condition of anonymity as he no longer holds an official position, said France's UN ambassadors, including the current envoy Gerard Araud, host dinners at the apartment almost every night. |
There was no immediate word on where France's ambassador will reside after the sale. | There was no immediate word on where France's ambassador will reside after the sale. |