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Muhammad bin Fahd buys late star's $28M NYC penthouse

The 65-year-old prince has been remodeling the property - a 5,100-square-foot, four-bedroom penthouse - since the purchase, and neighbors are 'shocked,' according to an insider.

Joan Rivers' $28 million New York City penthouse has been bought over by Muhammad bin Fahd, the son of the late King Fahd and the former governor of the Eastern Province of Saudi Arabia.

A source tells DailyMail, ''Ever since Prince Fahd bought the home nearly two months ago, he has had designers and contractors in and out of the place. He is ripping it to shreds. Everyone is surprised because the place had a certain French look, it was very specific, and one would think the buyer would be into that. And now he doesn't want that.''

The insider further explained that the property, which is only a half block from Central Park and walking distance to The Plaza, will look completely different from the way Rivers had it.

Joan, who passed away in September 4, 2014 from a surgery gone wrong, decorated her home in an orate fashion. She once described the condo as 'where Marie Antoinette would have lived if she had the money.'

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