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Canada's Former NY Consulate Sells for $8.05M
Description
Former Canadian Consulate in NYC Sells for $8.5M: A Tale of Renovation Costs and Controversy
The former Canadian consulate on Park Avenue in New York, which was listed for $9.5M in 2022, has finally sold for $8.5M. The sale comes after two years on the market and significant renovation costs. The buildings board had strict rules and the space lacked accessibility, making it difficult to use for official events. The Canadian government purchased a new luxury condo for the consul general, which sparked controversy due to its location on Billionaires Row and initial wording suggesting it was for King Charles. Despite criticism, officials argued the new condo would save taxpayer money in the long run.
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