Aspiring real estate developer Kanye West takes a loss on Noho condo sale
For those who were skeptical about Kanye West’s recently announced foray into real estate (“I’m going to be one of the biggest real estate developers of all time. Like what Howard Hughes was to aircrafts and what Henry Ford was to cars,” he humbly said.) here’s proof that Yeezy might want to stick to rapping and Kardashian kuddling. TMZ reports that Kanye has just sold his Soho condo at 25 West Houston Street for $3 million, even less than the $3.14 million he paid for it.
The condo is a combination of two units. Kanye bought the larger, two-bedroom for $1.89 million in 2004 and the studio for $1.25 million in 2006. He first tried to unload the pad in 2013 for $4.5 million. Though the listing was not public then either, the Post reported at the time that it featured a strange cupid statue in the entryway and an even stranger bathtub right next to the bed in the master bedroom. “It’s the height of a normal sink, but it’s a huge, long, granite object, probably about 9 feet long but only a couple of feet wide. At the front is a sink,” a broker had said.
The condominium, known as SoHo 25 was built in 2004 and has 36 units and a roof deck with a reflecting pool. Currently, Padma Lakshmi and Julianna Margulies live in the building. The buyer of Kanye’s unit is Geoffrey Louis Lieberthal, a partner at Lee Equity Partners. Lieberthal currently owns a third-floor unit in the building that he bought for $1.64 million in 2015. Perhaps he’s planning to create a duplex? And perhaps Kanye’s new architecture firm Yeezy Home can help with the renovation to make up for his loss? In the meantime, there’s always 52 albums in 52 days.
[Via TMZ and CityRealty]
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Photo of SoHo 25 via Google Street View; Photo of Kanye West via Wiki Commons
