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NY Post
New York Post
18 Jan 2024


NextImg:‘The Queen of Versailles’ seeks to flip her NYC penthouse for $19.5M — see inside

The Queen of Versailles is back in New York — and hoping for a royal flip.

Jackie Siegel, 58, and her husband David, 88, — the owners of Versailles, America’s largest home, and the subjects of a documentary, TV series and now, an upcoming Broadway show — have listed a duplex penthouse in Tribeca for $19.5 million.

That’s more than double the $8.7 million that they paid for the residence, in a landmarked Beaux-Arts building at 49 Chambers St., just last year.  

“My husband is a real estate person and he likes flipping properties, so I think he sees an opportunity and he wants to take it and we will flip it into something else,” Siegel said. 

The posh home — which features large indoor and outdoor entertainment spaces — is home base for one of their seven children, Debbie, who works in the city. But the couple also use it as a pied-à-terre.

Jackie and David Siegel. Lauren Greenfield
Among the home’s many perks: a sleek kitchen. Evan Joseph Photography
Another view of the plush sitting area. Evan Joseph Photography

“We entertain a lot,” said Jackie.

Sometimes it’s for investors for their upcoming Broadway musical, “The Queen of Versailles,” starring Kristin Chenoweth, and based on Lauren Greenfield’s award-winning 2012 ” The Queen of Versailles” documentary. Other times, it’s for their foundation, Victoria’s Voice, which Jackie launched in 2015 — the day after the Siegels’ 18-year-old daughter died of a drug overdose.

The three-bedroom, three-bathroom, two-powder room penthouse is 3,924 square feet — and comes with great outdoor space, says listing broker and reality star Kirsten Jordan, of Douglas Elliman. 

The home opens to a foyer with closets and overhead lighting that leads to an open living/dining area — and city skyline views. It’s anchored by a staircase in the living room that leads to an 850-square-foot landscaped terrace with a summer kitchen, lights and speakers, along with an interior service bar and powder room.

The dining area inside the nearly 4,000-square-foot space. Evan Joseph Photography
Inside one of the penthouse’s three bedrooms. Evan Joseph Photography
Another bedroom on offer. Evan Joseph Photography

Downstairs, there’s also a chef’s kitchen and a main bedroom suite with City Hall views, walk-in closets and a spa-like bath, along with hickory hardwood floors and a “bonus” room that could be a home office. 

The building, once the Emigrant Industrial Savings Bank, dates to 1912. Amenities include a landscaped rooftop park with sun decks, indoor/outdoor kitchens, a 50-foot lap pool and a gym.

Meanwhile, work continues on the family’s 90,000-square-foot Orlando home, which is estimated to be worth $200 million, and the second season of the Discovery+ series, “The Queen of Versailles Reigns Again,” has finished filming, Jackie says.

The show reveals Jackie’s role as a mom to her business role running beauty pageants (Mrs. Florida, Mrs. American and Mrs. World) as well as her initiatives, like “Beauty for Good,” where pageant winners will talk to parents about the warning signs of children’s drug use.

A separate sitting area inside. Evan Joseph Photography
What’s more, there’s also private outdoor space. Evan Joseph Photography
There’s plenty of closet space, to boot. Evan Joseph Photography

The Versailles house features a British pub, a 35-car garage, five kitchens, an aviary and a model of a private jet cabin in the living room.

It’s a far cry from 1990, when Jackie moved to New York to follow a career in acting, modeling and “possibly Broadway.” But, she says, she was a computer engineer by trade and “gave up that dream and now, ironically, I’m on Broadway by default.” 

She moved to Florida around 1993 and married David on Jan. 2, 2000. They bought the Versailles land that year. Construction began around 2002-2003, Jackie says.

Jackie says they will soon have a “double shift crew team” — eight-hour crews during the day and different 8-hour crews at night — to speed up work on the house which, 20 years later, is almost complete.

“I think it will be finished around a year from now,” Siegel said. “I never thought it would take this long or that I’d build a house this big.” They had tried to sell it during tough times, but there were no takers. Now, she says, “We will keep it in the family forever. I will put it in a trust.”