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Federal gov’t buys $16.M luxury penthouse

Posted by Mehran Aram on Wed, Aug 28, 2019 @ 16:08 PM

The image many conjure up when they think of government housing is probably not a posh pad in a skyrise in New York. Nonetheless, the federal government is now the owner of a five-bedroom, 6.5 bath penthouse on the 37th floor located at 50 United Nations Plaza.

The $15.85 million condo will be the residence for the U.S. Ambassador to the United Nations. That price tag however is a bargain compared to the $24,250,000 original listing. The building is home to other U.N. ambassadors including the U.K.’s representative who resides on the 38th floor.

Prior to the real estate transaction, the U.S. government rented a unit in the same building for former ambassador Nikki Haley.

Today, conforming no-point 30-year fixed mortgage rates are averaging 3.625 percent and 15-year rates are near 3.125 percent.

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