Jennifer Lawrence is the name that needs no introduction. The actress is well known for her acting talent as well as her remarkable fashion sense. But sadly it seems that she doesn’t enjoy that success with Big Apple real estate as the actress has recently made a colossal $5.7million loss on her New York penthouse with panoramic views. Read on to know the full story.
Jennifer‘s New York City penthouse is finally sold for $9.9 million after a year on the market. The talented actress listed the condo last year with Pamela D’Arc at Compass with an asking price of $15.45 million.
As per a report by Variety, “The Academy Award-winning actor shoveled out $15.6 million for her glass-walled penthouse condo on the Upper East Side in 2016, just as the Manhattan market peaked. According to tax records filed in late July, she’s now resold the place for a breathtaking $9.9 million to Lebanese banker Marwan Kheireddine. Not counting carrying costs, improvement expenses, and real estate fees, that’s a staggering $5.7 million loss — which has gotta hurt, no matter who you are or how much money you have.”
The report added, “The price dropped to $14.25 million before it was, in late 2019, slashed to its final ask of $12 million. Saddled with massive common charges of over $5,700 month, not to mention taxes, insurance and upkeep that collectively amounted to around $100,000 per year, cutting her losses appears to have the right move to make.”
Well, this is certainly sad for Jennifer Lawrence. What is your take on it? Do let us know in the comments. Stay tuned for more updates on your favourite stars.