Seven-stories high and overlooking Central Park, France is hoping that the $32.5 million (€24.3 million) building on 5th Avenue will, at least partly, help improve its dire finances.
The news was announced in the government’s official publication on Wednesday.
The building houses five apartments, each stretching across 157 square metres, as well as an eight-room duplex, measuring 252 square metres.
Earlier this year, the government sold off its luxurious 18-room ambassador’s residence on Park Avenue for a cool $70 million (€52 million).
Since then, France’s new ambassador to the UN, Francois Delattre, has been struggling to find a new home.
Although he came close to buying a palatial 14-room Art Deco flat overlooking the East River, the sale last month fell through after his prospective neighbours decided to slap restrictions on the number of parties and receptions Delattre would be able to throw.