Olivier Sarkozy buys Mary-Kate Olsen a love nest

Updated: Aug 18, 2012, 10:02 AM IST

New York: French banker Olivier Sarkozy has splashed out USD 6.25 million on a New York townhouse love nest for him and girlfriend Mary-Kate Olsen.

Olivier, 42, who is the half-brother of former French President Nicolas Sarkozy, has been dating the 26-year-old fashion designer for around five months, reported a website.

"Olivier and Mary-Kate fell in love with the 146-year-old property because they like that it is old," a source said.

The 4,200-square-foot, five-storey home was designed by architect James Renwick Jr and comes with nine fireplaces, a Juliet balcony in front and a large rear garden.

It isn`t known how much renovation they plan to do, although the plumbing and kitchen need to be completely updated.

Mary-Kate dated artist Nate Lowman for over two years before splitting in 2010, while Olivier romanced actress Stella Schnabel for a year before their break-up in March.

Olivier was previously married to wife Charlotte and they have two children together. Charlotte has since called the coupling grotesque and not right.