Jennifer Lopez Selects a New York City Penthouse

BUYER: Jennifer Lopez
LOCATION: New York City, NY
PRICE: $22,500,000 (last asking)
SIZE: 6,540 square feet, 4 bedrooms, 6 full and 2 half bathrooms

YOUR MAMA’S NOTES: After a long and well-documented search for a posh and pricey pad in Manhattan, entrepreneurial showbiz supernova Jennifer Lopez has finally settled — so said the property gossips at the New York Post — for a suburban mini-mansion sized duplex penthouse in a swanky, four-unit boutique building across the street from Madison Square Park. The penthouse was once listed for $25 million but was last on the market for $22.5 million.

The Georgian-style building, originally erected in 1924, offers is handful residents a full-time doorman, a refrigerated package room, key-lock elevators with private elevator landings, a small gym and private storage spaces in the basement. Other residents in the building include: former first daughter Chelsea Clinton and her husband Marc Mezvinsky who, in July 2013, paid $9.25 million for their nearly 5,000-square-foot spread; financial services fat cat John Silvetz and his model wife Wilda Deon Bray who paid $10 million for their nearly 5,000-square-foot spread in July 2013; and NASCAR superstar Jeff Gordon who also paid $10 million for his nearly 5,000-square-foot apartment in August of 2013.

Listing details show the two-story penthouse stretches from street to street — buy Your Mama’s rough and rudimentary calculations it’s more than 180-feet from end to end — with four bedrooms, six full and two half bathrooms and four private terraces that total 3,106 square feet. Property taxes and common charge rack up to a bank account brutalizing $22,522 per month, or $270,264 per year.

In addition to the capacious living room that all alone encompasses more than 1,300 square feet and opens through three arched French doors to the smallest of the four terraces, there’s a 600-ish-square foot lounge on the second level that opens on opposite ends to the two largest terraces. The Italian-made center island kitchen, which is open to the spacious dining room, has two dishwashers, two full-sized refrigerators and two wine fridges that hold more than 100 bottles. Other features of note include rift sawn wide plank oak floors, a slab marble master bathroom larger than most Manhattan studio apartments and a state-of-the-art home automation system.

Miz Lopez, who is reported to be ready to ink a two year, 26.3 million residency deal in Las Vegas, keeps a small but impressive property portfolio that includes (but may not be limited to) a 17,000-plus-square-foot mansion in the guard-gated and celeb-filled Hidden Hills enclave in suburban Los Angeles that she picked up over the summer of 2010 for $8.2 million. Last May (2013), the Bronx-born former fly girl shelled out $9,995,000 for an 8,500-ish-square-foot shingled mansion with 8 bedrooms and 7.5 bathrooms on more than 2.8 high-hedged and fully landscaped acres in the sleepy but fancy Hampton community of Water Mill.

Listing photos and floor plan: Douglas Elliman

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  1. lil' gay boy says:

    Obviously not to everyone’s taste — a unique, out of the mainstream space. I might find the higher buildings another side looming oppressively, but the view of the Flatiron Building across the park is killer…

  2. Jeremy says:

    Eeeesh. I’d feel completely claustrophobic being sandwiched between those buildings like that. Not a fan of this apartment whatsoever. And for that pricetag? Uh uh. No, honey.

  3. Wrinklebottom says:

    Always hated the layouts in this building. Congratulations, J-LO, you just paid $22.5 Million for what amounts to what we old-timers would call a “railroad flat”, on steroids…

  4. Dane says:

    What a bad decision on her part. She’ll have as much trouble unloading this place (and I bet sooner rather than later she will unload it) as the developer has had selling it in the first place. If she was determined to be downtown, she would have made a much better investment at Walker, where she reportedly looked, or One Madison Park. In my opinion, she got very bad advice from Mr. Eklund, but no surprise there.

    Doesn’t she have school age, or nearing that, kids? If she is planning on enrolling them in school in NYC, then I can understand why she would want a family-sized apartment here. However, I suspect that schooling, if in fact there is going to be formal schooling, is going to happen in California — especially since she apparently has signed up for this weekly Las Vegas gig. So she is going to bleed money on a monthly basis (the carrying charges here are sky high because there are only four units in the building) for an apartment she is hardly ever going to be using, with major terrace spaces that require a lot of maintenance. Terraces that are great to look at from the master bedroom and the other room up there, but I can assure you will get very little use. I also don’t feel like there’s going to be significant appreciation on that unit in the next five years, so there’s not that angle either. . .

    Kelly Ripa and Mark Consuelos just unloaded a very similar situation, though arguably in a better building, after quite a lot of struggle. They also had a huge outdoor space that looked to be very well done, BUT as is generally the case with rich people, the kids are busy with after school activities, on weekends they’re at the beach or in the country, and during the summers they’re out of there, so the terrace is hardly ever used. They have moved to a townhouse on the Upper East Side that seems to be nearer to their kids’ schools, her work, Mark’s biking in Central Park, etc.

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