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Portugal?Yes, The Country?Sells Dakota 4BR For $11.5M

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When the going gets tough, the rich sell assets. It seems the same is true for cash-strapped countries like Portugal. The New York Post reports that the EU nation is trying to offset its debts by selling some of its holdings, which includes a four-bedroom apartment at the Dakota with an eat-in kitchen, library, and Central Park views. Portugal bought the apartment 42 years ago for just $200K, and sold it for $11.5 million, according to the Post, although it did originally list the seventh-floor unit for $14.5 million last year. Let's try to sympathize with Portugal here: next time you're trying to pay off a $100 billion bailout, a couple of million here and some prewar wood-burning fireplaces there just might be worth sacrificing.

· Listing: 1 West 72nd Street, #74 [StreetEasy]
· Poortugal sells posh Apple apt. [NYP]
· All Dakota coverage [Curbed]

The Dakota

629 U.S. 190, , LA 70433 Visit Website