ALEXANDRIA, Egypt — The penthouse of a multi-story, brick high-rise erected close to the city center yields up sweeping views across Alexandria’s historic bay and old town. The apartment on Sultan Husayn Street — a leafy boulevard studded with graceful early 20th century apartment buildings — is guarded 24 hours a day by watchmen. Being the tallest in the area, its balcony affords uninterrupted views across Alexandria’s historic downtown: from the eastern harbor’s Ottoman-era fort to the glitzy hotels and patisseries where the city’s multicultural bourgeoisie once frolicked.
With an asking price of just $200,000, this dream penthouse address appears too good to be true.