Real Estate : Duke Semans Mansion Sold for $44 Million
Luxury Real Estate | Duke Semans Mansion Sold for $44 Million One of my favorite mansions in the world, the Duke Semans mansion on Fifth Avenue in New York City, was just sold for $44 million. The classic beaux arts style mansion was acquired by Carlos Slim, who is ranked the richest man in the world after building a telecommunications empire in Mexico. The seller is the legendary New York real estate mogul Tamir Sapir, who started as a cab driver and ended up on the Forbes list himself from Russian oil and real estate investments. Tamir Sapir bought the mansion in 2006 from the descendants of tobacco magnate Benjamin N. Duke, who had it built in 1901. Sapir paid $40 million, which set the New York City record for private real estate at the time. He originally listed the property at $50 million, according to The Wall Street Journal , after working with Paula Del Nunzio of brown Harris Stevens, who is known for selling most of the highest value to...