Paula Del Nunzio and Paolo Zampolli recently helped the Prime Minister of Qatar during a townhouse purchase in 21 Beekman Place. The space, originally listed at $49.8M, was negotiated down to the price of $35M for Sheikh Hamad bin Jassim bin Jabor Al-Thani, his two wives and his sixteen children.
Zampolli tells Haute Real Estate Network “I was solely looking after the interest of my client and strongly negotiated the best deal possible for them. We started at $50M and we had 3 major firms appraise the property that all came in in the mid $40M range. I suggested we start the offer at $30M after considering the property to be unique for the location.”
“As a UN Ambassador, I am aware of all the residences of my colleagues and all the developed countries, and the Gulf countries already own an ambassador residence so there would have not been many buyers for a $50 mil home. After weeks of negotiation, we agreed on $35M including art and furniture. At that point, I advised my client that it was time to make it happen. The State of Qatar is an aggressive buyer in many fields but for sure there is no chance they want to be taken advantage of.”
Photos courtesy of Observer and Brown Harris Stevens