Photo: Douglas Elliman Real Estate
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.
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