A townhouse owned by the twin sister of the last shah of Iran is in contract from bankruptcy for $11.5 million, sources tell Gimme Shelter.

That’s a bit more than its $11.45 million asking price, but far less than the original $49.9 million it listed for in 2014.

The deal was first revealed in broker Donna Olshan’s eponymous weekly report, which spotlights real-estate contracts signed over $4 million.

The seven-story home at 29 Beekman Place in Midtown East has quite the history. The 12,260-square-foot townhouse was built by CBS founder William Paley.

Princess Ashraf Pahlavi bought it in 1980 — shortly after her family, which began its reign in 1925, fled Iran following the 1979 revolution.

One of her three children was fatally shot that year.

The princess lived a glam and bizarre jet-setting life, passing away in 2016 at age 96.

William Paley
William PaleyThe LIFE Picture Collection via

She was admired by Stalin, once worked as a palace advisor, defended the shah’s torture-loving secret police and was immortalized by Andy Warhol, according to her Washington Post obituary.

The townhouse has been the subject of lawsuits since her death and a former employee, Azadeh Azari, was awarded a $2.7 million judgment against the corporation that owns the townhouse, Wansdown Properties Corp., to cover her pension.

Last year, the home was put into bankruptcy court, when it first received a $10.3 million offer. That offer, however, fell through, sources tell Gimme Shelter. The townhouse was then put back on the market for $11.45 million and is now in contract, listing broker Charlie Attias of Compass — who shares the listing with Greg Corbin of Rosewood Realty — tells Gimme Shelter. “We were able to find a buyer above our asking price. It’s a great scenario. Buyers are back and we are doing deals,” Attias says.

Princesse Ashraf Pahlavi
Princesse Ashraf PahlaviGamma-Rapho via Getty Images

Monday’s Olshan Report also noted that the dollar volume of the top four sales for the first week in June totaled $46.89 million — the highest weekly total in 11 weeks.

The most expensive transaction, Olshan notes, was a penthouse duplex at 415 Greenwich St., which was most recently on the market for $18.9 million. In another hopeful sign for the post-coronavirus property market, the buyers started the negotiations less than a month ago, Davis told the Olshan Report, and only saw the apartment after they agreed on a price.

The 415 Greenwich St. seller was repped by Corcoran’s Danny Davis; the buyers were repped by Joshua Wesoky of Compass.

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