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	<title>Observer &#187; Qatar Prime Minister</title>
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		<title>Observer &#187; Qatar Prime Minister</title>
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		<title>Did the Qatari Prime Minister Buy Aby Rosen&#8217;s Townhouse?</title>

		<comments>http://observer.com/2012/08/did-the-qatari-prime-minister-buys-aby-rosens-townhouse/#comments</comments>
		<pubDate>Wed, 22 Aug 2012 13:35:20 -0400</pubDate>
					<link>http://observer.com/2012/08/did-the-qatari-prime-minister-buys-aby-rosens-townhouse/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=258837</guid>
		<description><![CDATA[<p><div id="attachment_258864" class="wp-caption alignleft" style="width: 235px"><a href="http://nyoobserver.files.wordpress.com/2012/08/rosen.jpg"><img class="size-medium wp-image-258864" title="rosen" src="http://nyoobserver.files.wordpress.com/2012/08/rosen.jpg?w=225" alt="" width="225" height="300" /></a><p class="wp-caption-text">The Sheik's next home? We'll know for sure when the moving trucks arrive.</p></div></p>
<p>Has the Prime Minister of Qatar finally found a home in Manhattan? <em>The New York Post</em> is reporting that after a seemingly endless search and several heartbreaking rejections <strong>Sheikh Hamad bin Jassim bin Jaber Al Thani</strong> <a href="www.nypost.com/p/pagesix/sheik_calls_aby_house_home_2tr94YN0yH2showk40myAK">has purchased <strong>Aby Rosen's </strong>townhouse</a> at <strong>22 East 71st Street.</strong></p>
<p>In some ways, it seems like a match made in heaven—the townhouse has been languishing on the market since 2008, <a href="http://observer.com/2012/03/who-doesnt-want-to-buy-aby-rosens-east-71st-street-mansion/">when Mr. Rosen listed it for $75 million</a> (the most expensive listing on the market back then, now it practically seems like a bargain)—and Mr. Hamad has been on a seemingly endless hunt for a Manhattan home. A sale would mean a happy ending for these two seekers.<!--more--></p>
<p>But we've been sheiked out by the <em>Post</em> before, when they reported that Mr. Hamad was <a href="http://observer.com/2012/07/qatari-prime-minister-is-not-the-buyer-of-one57s-the-90-m-penthouse-says-gary-barnett/">the buyer of the One57 penthouse</a>, a claim that Gary Barnett immediately refuted. Now that Steve Wynn has finally settled down at the Ritz Carlton, Mr. Hamad seems to be the first guess anytime a big ticket item goes into contract. After all, there are only so many fabulously wealthy, well-known house hunters to watch.</p>
<p><div id="attachment_258863" class="wp-caption alignleft" style="width: 310px"><a href="http://nyoobserver.files.wordpress.com/2012/08/hamad.jpg"><img class="size-medium wp-image-258863" title="hamad" src="http://nyoobserver.files.wordpress.com/2012/08/hamad.jpg?w=300" alt="" width="300" height="201" /></a><p class="wp-caption-text">Home at last?</p></div></p>
<p>Still, the <em>Post </em>speaks with a source who assures them that the sheik is indeed the buyer, with a bid of <strong>$47 million</strong>.</p>
<p>“The deal was done in huge secrecy without a broker. The house has been purchased through an LLC, Tower Management Holdings, to protect the identity of the buyer, Sheik Hamad, who has been looking to purchase a New York property,” the source tells them.</p>
<p>Neither the townhouse nor Mr. Hamad have had an easy time of it in the real estate marketplace. After spending years looking for a buyer and hosting the occasional party for Mr. Rosen, who never moved in, the townhouse recently dropped its asking price to $50 million. As for Mr. Hamad, he <a href="http://observer.com/2012/05/what-was-the-co-op-board-rejection-of-huguette-clark-bid-really-about/">was reportedly rebuffed by the co-op board</a> of <strong>765 Fifth Avenue</strong> when he tried to buy Denise Rich's spread and the board <strong>907 Fifth Avenue</strong> when he went for Huguette Clark's eighth-floor apartments.</p>
<p>Rumors abounded at the time that Mr. Hamad's wives, numerous children and sizable entourage did not sit well with co-op boards, but other sources have told <em>The Observer</em> that such claims are greatly exaggerated.</p>
<p>Mr. Rosen purchased the neo-Italian Renaissance mansion for $15.6 million in 2004, undertaking an extensive renovation to transform the upper levels of the five-story mansion from office space to a single-family home.</p>
<p>International buyers looking for New York <em>pieds-à-terre</em> are not usually drawn to townhouses—a condo is the natural choice for a house hunter tired of groveling before boards—but we suppose it does have one clear advantage. At 22,000-square-feet, Mr. Hamad can have any size entourage he wants.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_258864" class="wp-caption alignleft" style="width: 235px"><a href="http://nyoobserver.files.wordpress.com/2012/08/rosen.jpg"><img class="size-medium wp-image-258864" title="rosen" src="http://nyoobserver.files.wordpress.com/2012/08/rosen.jpg?w=225" alt="" width="225" height="300" /></a><p class="wp-caption-text">The Sheik's next home? We'll know for sure when the moving trucks arrive.</p></div></p>
<p>Has the Prime Minister of Qatar finally found a home in Manhattan? <em>The New York Post</em> is reporting that after a seemingly endless search and several heartbreaking rejections <strong>Sheikh Hamad bin Jassim bin Jaber Al Thani</strong> <a href="www.nypost.com/p/pagesix/sheik_calls_aby_house_home_2tr94YN0yH2showk40myAK">has purchased <strong>Aby Rosen's </strong>townhouse</a> at <strong>22 East 71st Street.</strong></p>
<p>In some ways, it seems like a match made in heaven—the townhouse has been languishing on the market since 2008, <a href="http://observer.com/2012/03/who-doesnt-want-to-buy-aby-rosens-east-71st-street-mansion/">when Mr. Rosen listed it for $75 million</a> (the most expensive listing on the market back then, now it practically seems like a bargain)—and Mr. Hamad has been on a seemingly endless hunt for a Manhattan home. A sale would mean a happy ending for these two seekers.<!--more--></p>
<p>But we've been sheiked out by the <em>Post</em> before, when they reported that Mr. Hamad was <a href="http://observer.com/2012/07/qatari-prime-minister-is-not-the-buyer-of-one57s-the-90-m-penthouse-says-gary-barnett/">the buyer of the One57 penthouse</a>, a claim that Gary Barnett immediately refuted. Now that Steve Wynn has finally settled down at the Ritz Carlton, Mr. Hamad seems to be the first guess anytime a big ticket item goes into contract. After all, there are only so many fabulously wealthy, well-known house hunters to watch.</p>
<p><div id="attachment_258863" class="wp-caption alignleft" style="width: 310px"><a href="http://nyoobserver.files.wordpress.com/2012/08/hamad.jpg"><img class="size-medium wp-image-258863" title="hamad" src="http://nyoobserver.files.wordpress.com/2012/08/hamad.jpg?w=300" alt="" width="300" height="201" /></a><p class="wp-caption-text">Home at last?</p></div></p>
<p>Still, the <em>Post </em>speaks with a source who assures them that the sheik is indeed the buyer, with a bid of <strong>$47 million</strong>.</p>
<p>“The deal was done in huge secrecy without a broker. The house has been purchased through an LLC, Tower Management Holdings, to protect the identity of the buyer, Sheik Hamad, who has been looking to purchase a New York property,” the source tells them.</p>
<p>Neither the townhouse nor Mr. Hamad have had an easy time of it in the real estate marketplace. After spending years looking for a buyer and hosting the occasional party for Mr. Rosen, who never moved in, the townhouse recently dropped its asking price to $50 million. As for Mr. Hamad, he <a href="http://observer.com/2012/05/what-was-the-co-op-board-rejection-of-huguette-clark-bid-really-about/">was reportedly rebuffed by the co-op board</a> of <strong>765 Fifth Avenue</strong> when he tried to buy Denise Rich's spread and the board <strong>907 Fifth Avenue</strong> when he went for Huguette Clark's eighth-floor apartments.</p>
<p>Rumors abounded at the time that Mr. Hamad's wives, numerous children and sizable entourage did not sit well with co-op boards, but other sources have told <em>The Observer</em> that such claims are greatly exaggerated.</p>
<p>Mr. Rosen purchased the neo-Italian Renaissance mansion for $15.6 million in 2004, undertaking an extensive renovation to transform the upper levels of the five-story mansion from office space to a single-family home.</p>
<p>International buyers looking for New York <em>pieds-à-terre</em> are not usually drawn to townhouses—a condo is the natural choice for a house hunter tired of groveling before boards—but we suppose it does have one clear advantage. At 22,000-square-feet, Mr. Hamad can have any size entourage he wants.</p>
<p><em>kvelsey@observer.com</em></p>
]]></content:encoded>
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