Did Madonna Make a Real Estate Mistake?
By: Whitney Tyner, Zillow PR Specialist | April 16, 2009
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.
- Stumble it!
- Categories: Celebrity Real Estate
Comments
8 Comments so far
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Ricardo Mesa on April 16, 2009 2:07 pm
who gives a flying f***
BrujoGarza on April 16, 2009 2:54 pm
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 on April 16, 2009 4:28 pm
wow- she has almost as money as octomom!
Kim on April 17, 2009 5:02 am
Why not!
Manassas VA Homes on April 17, 2009 2:36 pm
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.
Arlington VA Homes on April 26, 2009 12:15 pm
Madonna can afford it.
Ares on May 15, 2009 8:24 am
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 on May 16, 2009 12:00 pm
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?