A member of the wealthy family who previously owned the famous Harrods store in London is trying to find a buyer for his fancy Upper East Side co-op overlooking Central Park.
Ali Al Fayed, whose brother is billionaire businessman and former Harrods chairman Mohamed Al Fayed (father of Dodi Al Fayed who died alongside girlfriend Princess Diana in a Paris car crash in 1997), has put his renovated three-bedroom apartment on the market for $18 million, according to listing and property records.
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It’s one of 77 exclusive co-op apartments that sit atop The Pierre Hotel on the Upper East Side, and boasts almost 70 feet of frontage overlooking Central Park and Grand Army Plaza.
Other features include 10-foot high ceilings, a library and two bedroom suites with their own private master suite hall, according to the listing. On the other side of the apartment is a private guest suite, which includes a large corner bedroom with park views, a sitting room and its own entrance.
Records on PropertyShark show that Mr. Al Fayed, whose the chairman of Savile Row haberdashery Turnbull & Asser, bought two side-by-side apartments for a total of $10.2 million in 2007, so this appears to be the culmination of combining them.
Interestingly, the seller of the more expensive of the two apartments he bought ($7.6 million) was New York University. According to The New York Post at the time, it was bequeathed to NYU by the late Polaroid executive Julius Silver in 2002 and was used as faculty housing for a professor.
The buyer will need to be cash rich as The Pierre, which was founded by French immigrant Charles Pierre Casalasco in 1930, has strict rules about who can buy, and bank financing is not allowed.
Once you’re in, however, you have access to white glove treatment and all the restaurants and services the hotel has to offer, including twice-daily maid service, elevator attendants, and even an on-call doctor.
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Paula Del Nunzio of Brown Harris Stevens, the listing agent, and a spokesperson for Turnbull and Asser did not respond immediately to request for comment.