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The Hungarian State bought a mansion in Washington for 16 million dollars
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According to nol.hu, the prominent building, which stands only six blocks away from the White House, changed owners after 75 years. After the American Coatings Association it is time for the Hungarian embassy to move into the house.
Washington Business Journal writes that according to real estate record the Hungarian State paid 16,5 million dollars for the Brodhead-Bell-Morton court-house located at 1500 Rhode Island Avenue.
The former owner, American Coatings Association announced the sale of the 1858 m2 building in 2014. The news have not yet been confirmed by the neither the Hungarian Embassy, nor the Association.
The Hungarian Embassy currently operates at the 3910 Shoemaker St. NW, in a 3122 m2 office building in the Cleveland Park. If they plan on moving to the newly bought house, it would mean a much more visible presence, six blocks away from the White House.
The 60-employee association was in need of a larger space. The building was constructed in Victorian style in 1879, for the Brodhead family. It was sold in 1882 to lawyer and financier Gardiner Green Hubbard, the father-in-law of telephone inventor Alexander Graham Bell.
Wow! For this price, Hungary did good! They can flip this easy if they ever have too, NOT! A hotel nights stay is $600 to $1000 USD minimum, 5 miles away if your lucky.