The former Manhattan residence of Iranian Princess Ashraf Pahlavi, the twin sister of the last shah of Iran, has been put into bankruptcy and received a $10.3 million purchase offer from an anonymous buyer, WSJ Pro Bankruptcy reported. The seven-story townhouse located at 29 Beekman Place was listed earlier this year for $17.9 million and has been pitched to wealthy foreign nationals and governments as a potential embassy space because of its close proximity to the United Nations, according to court papers filed on Tuesday in the U.S. Bankruptcy Court in New York. The proposed buyer listed in court papers is an anonymous limited liability corporation. The property was listed for $49.9 million as recently as 2014, the Wall Street Journal reported at the time.
