The Telegraph
Friday , April 11 , 2014
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France to sell 18-room New York apartment

New York, April 10 (Reuters): The French government, which earlier this week unveiled sweeping spending cuts, is selling the luxurious New York residence of its envoy to the UN, an 18-room duplex apartment featuring five fireplaces and a view of Park Avenue.

The French foreign affairs ministry is looking for $48 million for the apartment, located in a ritzy Manhattan building that has been home to famous and wealthy Americans, among whom were the late Jackie Kennedy and American financier John D. Rockefeller Jr. The six-bedroom apartment has a private elevator and curved staircase linking its two floors.

French officials today said the apartment was put up for sale as part of a wider effort to supplement the foreign ministry’s revenues by liquidating the nation’s foreign properties.

“It contributes to the ministry’s efforts towards more efficient management of property,” Dana Purcarescu, spokesperson for the French embassy in the US, said. France’s new Prime Minister, Manuel Valls, earlier this week unveiled a broad programme of tax and spending cuts. The plan to sell the apartment predates that initiative; French diplomats said as early as September they planned to sell the property.