A Saudi Prince’s New York Nest Is Listing for $48.5 M

The Wall Street Journal

By STEFANOS CHEN
Feb. 25, 2015

A Saudi Prince’s New York Nest Is Listing for $48.5 Million

The triplex apartment of Prince Nawaf bin Sultan bin Abdulaziz Al-Saud includes three bullet-proof panic rooms and a sushi island bar.

A roughly 10,500-square-foot triplex apartment owned by a Saudi prince on New York’s Upper West Side is listing for $48.5 million, according to public records and people familiar with the property.

A corporation is listed as the owner of the apartment; a lawsuit relating to a past sale in the building identifies the principal of that corporation as Prince Nawaf bin Sultan bin Abdulaziz Al-Saud. Steven Isser, an attorney involved in the lawsuit, declined to comment because the case is ongoing. The prince couldn’t be reached for comment.

Located in the Heritage at Trump Place, the apartment is four-bedroom, four-bathroom and six half-bath home that was created by merging six smaller units on the fifth, sixth and seventh floors of the 31-story condo building, city records showed. The apartment has a suite of customized spaces, including three bullet-proof panic rooms, a fitness center, billiards room, hair salon, a ventilated cigar room and a 60-foot living room overlooking the Hudson River, the listing said.

The unit is selling for roughly $4,600 a square foot, which is high for the Upper West Side and more in line with units listing on so-called “billionaire’s row,” a stretch along 57th street where condo sales are breaking price records, said Jonathan Miller, president of appraisal firm Miller Samuel. Mr. Serhant said they compared the apartment to those high-end 57th Street units to set the price. He said the apartment may be sold furnished.

The listing agents are Mr. Serhant, Brian Chan of Nest Seekers International and Raphael De Niro of Douglas Elliman.

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Ryan Serhant Ryan Serhant
Licensed Associate Real Estate Broker