The property peeps at The Real Deal revealed that music industry honcho L.A. Reid has hoisted his sprawling condo-crib on New York City’s posh Park Avenue on the market with a sizable $18,900,000 price tag.
The three-time Grammy winning record exec, producer and songwriter acquired 5,003 square foot, full-floor spread back in 2000 for $9.43 million.
A quick scan of the floor plan included with online marketing materials shows the apartment has an art-friendly foyer, a nearly 600 square foot corner living room with two walls of over-sized windows, an adjoining formal dining room, and an eat-in kitchen and roomy laundry/service wing that could easily be remade into a prison cell-sized staff suite.
There are four dedicated bedrooms, each with a private attached bathroom, plus a library—also with private attached bathroom—that’s quickly and easily converted to a proper bedroom. In addition to the two spacious walk-in closets in the master bedroom, the floor plan shows a separate, windowless walk-in closet/dressing room located down the hall.
Listing details indicate the four-exposure apartment is offered with a separate studio apartment (with kitchenette) located on a lower floor. Building amenities include: full-time doormen; concierge and valet services; a state-of-the-art residents only gym; a residents only dining room; private storage rooms; and private climate-controlled wine cellars. Monthly common charges and property taxes come to $14,806 per month according to listing details.
Mr. Reid also owns a substantial residence on 3.27 acres in the Hamptons, Sagaponack to be more specific. Property records she he purchased the swimming pool-, tennis court- and private pond-equipped estate in February 2006 for exactly $10,000,000.
Mr. Reid has long maintained a home in Atlanta and property records show that since 2008 he’s owned a modest, 1,326 square foot townhouse residence in a gated community about 8.5 miles northwest of downtown that he picked up for $239,200.
listing photo and floor plan: Brown Harris Stevens