Kristina Kovalenko may not have political power as the princess of a tiny Russian republic, but she certainly knows how to turn a profit on NYC real estate.
The royal purchased her Liberty Lofts condo in August of 2009 for $4.2 million, and after three years of living in her luxurious penthouse is now flipping the home for $8 million, according to a report in The New York Observer.
Natalia Gavrilov, the broker handling the sale at Douglas Elliman Real Estate, said that the 50% price hike was due to the property's unique layout and NYC location. "There's really no inventory like this, especially the high-end apartments," she told The Observer.
The princess originally bought the pad as a four bedroom, but transformed one of the rooms into her own personal walk-in closet. The barrel vaulted ceilings, hardwood floors, and Juliet balconies all add to the dramatic and opulent decor as well.
The Liberty Lofts building is just steps away from Lincoln Center and Central Park.
Source: Douglas Elliman Real Estate
The gourmet kitchen features marble counter tops, a chef's stove, and top-of-the-line appliances.
Source: Douglas Elliman Real Estate
The entire condo is approximately 3,700-square-feet.
Source: Douglas Elliman Real Estate
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