Will Smith’s NYC Rental for Sale

Source: IMDb

Will Smith’s apartment and temporary home-away-from-home while filming “Men In Black III” has hit the NoHo real estate market in Manhattan for $19.5 million.

The actor, musician and producer snagged the rental in 2010 after a lengthy search in the Big Apple for the perfect temporary digs. According to an article in the New York Post last year, Smith reportedly hired one woman who flew to the East Coast to view one apartment before heading back to the West Coast a few hours later. Why the in-depth search? Smith was looking for not only a private and luxurious New York apartment, but one with room for his family and wife Jada Pinkett-Smith.

The place at 25 Bond Street clearly fits the bill. One of only eight apartments in the building, the nearly $20 million home has over 7,300 square feet of living space, five bedrooms and 6.5 bathrooms. Smith paid a reported $55,000 a month in rent, which is one of the reasons to choose to rent rather than buy in this area. The monthly payment for this home, even with 20 percent down and low mortgage rates, is $84,302 with a 30-year-fixed loan. It’s no secret that New York real estate is expensive; in the NoHo neighborhood, median home values hit at $745,000, according to data from Zillow Mortgage Marketplace.

Smith got his start as television’s “The Fresh Prince,” and moved into rapping and producing, making the move to film in the late 1990s. “Men in Black” came out in 1997, followed by “Men in Black II” in 2002. “Men in Black III” is slated for release spring 2012.

The listing is held by Michael Ives of Sotheby’s International.