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United Arab Emirates Drops $20M on Another NYC Townhouse

37 East 74th Street in September 2014, via PropertyShark. No. 39 is the red brick townhouse to the right.

It appears that the Permanent Mission of the United Arab Emirates to the United Nations has big plans on the Upper East Side. After paying $27.25 million for the "triple mint" townhouse at 39 East 74th Street last year, the UAE has now paid more than $20 million for the adjacent townhouse at 37 East 74th Street. Property records filed yesterday indicate that the UAE bought out the five owners who occupied the building's seven units. There were no listings for any of the apartments, or the whole building, so it seems that the mission approached the owners about a buyout after it purchased no. 39. Perhaps they are planning to combine the houses into one giant megamansion, or perhaps they will leave them separate to use as housing for staff and ambassadors—we reached out to the mission, as well as the owner who sold three of the apartments, in hopes of learning more.

Units 3, 5, and 6 were owned by the same person, who paid a combined $2,262,100 for the apartments in the last five years. He sold them to the mission for $6.36 million. This old listing gives a glimpse inside one of them.

Unit 7 sold for $3.045 million, and there are no other public records for this unit, so it was likely owned by the same family for decades. Same goes for unit 4, which sold for $2.415 million. Unit 2 sold in 2011 for $1.1 million, and the owner received $2,141,200 from the mission. Unit 1, which is attached to the house's garden, nabbed the biggest sum, selling to the mission for $6.678 million. It last sold in 2013 for $3.6 million.

Here are some photos and floorplans from old listings to give a glimpse inside:

· United Arab Emirates Nabs $28M 'Triple-Mint' UES Townhouse [Curbed]
· 37 East 74th Street [StreetEasy]
· All United Arab Emirates coverage [Curbed]

39 East 74th Street

39 East 74th Street, New York, NY