The former NYC home of a jetsetting Iranian princess has sold for $11.5 million after a $40 million price cut and 6 years on and off the market. Take a look inside.

After six years on and off the market, the storied townhouse at 29 Beekman Place has finally sold to a New York real estate company for $11.5 million, the New York Times reported.

29 Beekman Place

Courtesy Compass

Broker Donna Olshan first revealed that the home was in contract in her weekly report on the luxury real estate market, Jennifer Gould Keil reported for the New York Post in June.

Charlie Attias of Compass and Greg Corbin of Rosewood Realty brokered the deal.

Source: New York Times, Compass

The seven-story home, located a few blocks from the United Nations on the East River, was originally listed for $50 million in 2014.

29 Beekman Place Skitch

Google Maps

Source: Compass

Jetsetting Princess Ashraf Pahlavi, the twin sister of Iran’s last shah, purchased the home in 1975, just four years before her family fled Iran during the 1979 Islamic Revolution, and counted it as a residence until her death in 2016.

Princess Ashraf Pahlavi

Princess Ashraf Pahlavi during an interview at her apartment in New York on April 22, 1980.
Bettmann/Getty Images

According to Compass real estate records, Pahlavi listed the home for $49.9 million in February 2014. By June 2015, the asking price had dropped to $34 million.

Source: Compass, Washington Post, New York Times

View original article here Source