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Madonna is famous for her expensive taste and  savvy business mindset, but did she make a mistake in her latest real estate investment? The tabloids and blogs were ablaze this week with news of Madge’s $40 million purchase of an Upper East Side townhouse — which is actually two townhouses put together — located at 152 East 81st Street, New York NY 10028 and 156 East 81st Street, New York, NY 10028.

The home sale is said to be the most expensive in neighborhood history, but still $5 million shy of the original asking price of $45 million. The property is said to be near the noisy Lexington Avenue subway line, and the train can supposedly be felt vibrating the foundation as it passes underneath.

Critics aside, the urban pad has quite a resume of home frills and the Sotheby’s listing hints at the feel of a London townhouse, which could be the appeal for the Material Girl. The laundry list includes: 12,000 sq ft, 13 bedrooms and 14 bathrooms, two-car garage, 3,000 sq ft garden, nine fireplaces, wine cellar with a grotto, and an elevator.

A nugget of humor in this Madonna real estate  mayhem is New York City Mayor Bloomberg’s response to the news. According to the New York Post, when Bloomberg was asked whether he’d send Madonna a thank you note for buying a new place – a boost to the city’s sagging revenues – he said, “No. But we do plan to send her a bill.”

Hilarious. Clearly Bloomberg isn’t star struck by the multitude of celebs (such as Brangelina) shopping for big ticket real estate in the Big Apple.

  • Ricardo Mesa

    who gives a flying f***

  • BrujoGarza

    People who work for what they purchase, Rico that’s who. This is still America not a communist or socialist country. Here lies the problems with a multitude of Americans.

  • ZAZ

    wow- she has almost as money as octomom!

  • Kim

    Why not!

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    That is a great area in upper Manhattan in the “Yorkville Area!” I guess she is a big girl and if a home is what rocks your boat…no price is too high.

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    Madonna can afford it.

  • http://www.ares.net Ares

    Real Estate is about location. Especially in NYC, where space is very limited and premium space is VERY limited. She bought the place because of where it is, and she should see a nice return in the future. She could have gambled it all away in the stock market…

  • brujo

    Ares, really gambled on the stock market? sounds a bit absurd, wouldnt you think the market would be a decent area, since it allows a chance to purchase more at lowers prices for when the market rebounds, or do you think this is impossible as shown during the great depression?

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    how come Madonna do a real estate mistake as she must be having the legal consultants for her to take care of small to big mistakes to be taken care while having real estate deal.

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    Wow – now that is money to burn. Love the comment about the train vibrations – maybe she likes that :D

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    Problems of the rich. I am just shocked to see this house on the photo. What she will be doing there – 13 bedrooms. Indeed rich people are gtteing sick

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    Yes, with all of bedrooms, bathrooms, fireplaces, etc., I am not surprised she wanted it. That place is huge. Madonna is probably still a very smart buyer and maybe the subway doesn’t really bother her. It probably wouldn’t bother me either.

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    This is still America not a communist or socialist country. Here lies the problems with a multitude of Americans.

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    I am just shocked to see this house on the photo.unbelieveable!

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    We can’t interfere to any one personal life or their business. It’s depend upon that that in which manner that he want to do their business and in which manner want to live their life. Madonna is a great personality and she have a long experience in their life. She know what is wrong and what is right.

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    Hello. Thank you very much for taking the time to share…very useful, indeed! :) Thanks for all of your hard work!

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    It is fabulous.

  • Pingback: Madonna Lists Beverly Hills Estate for $22.5 Million!!! | About PV

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  • Pingback: Report: Madonna Sells Beverly Hills Home for $20 Million | Manhattan Beach Real Estate Trends

  • Pingback: Madonna Sells Beverly Hills Home for $20 Million | HouseReports.org

  • Pingback: Comment on Did Madonna Make a Real Estate Mistake? by Madonna Sells Beverly Hills Home for $20 Million | HouseReports.org | Mok Estates

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