Bethenny Frankel sells Hamptons home after taking a loss on her Soho condo
2623 Montauk Highway. Photo credit: Chris Foster, courtesy of Compass
It’s been a busy 2020 so far for Real Housewives of New York alum Bethenny Frankel, who’s finally unloaded two properties: her Soho condo and one of her Hamptons retreats. The Post reported last week that Frankel sold her seven-bedroom residence in Bridgehampton for $2.28 million after listing it for $2.99 million. It’s a good thing she made a slight profit there because her Soho condo ended up selling for a significant loss. After almost three years on the market, Frankel sold her two-bedroom apartment at 22 Mercer Street for $3.65 million, the Observer reported last month. That’s a $550,000 loss compared to the $4.2 million she paid for the pad in 2014—and more if you factor in what she spent on an extensive renovation.
Photo credit: Chris Foster, courtesy of Compass
Formerly known as the Morning Glory House, the half-acre Bridgehampton property was built in 1910 as a single-family home and later renovated by architecture firm BOKA with more modern touches. The 4,239-square-foot home has seven bedrooms, a wraparound veranda, and a bluestone patio and in-ground pool in the backyard. Some of the original details, like the hand-carved staircase, have been preserved. Frankel had purchased the former bed-and-breakfast for $2.03 million in 2017 and always considered it an investment property.
Photo credit: Tim Waltman, courtesy of Compass
Frankel had been struggling to sell her Soho condo since February 2017, when it was originally listed for $5.25 million. After several price chops, a stint on the rental market, and a deal that fell through in November 2019, Frankel is probably relieved to close this chapter even if it meant accepting a loss. The 2,393-square-foot home features a 25-foot-wide living room with 14-foot ceilings, a wood-burning fireplace, and a small balcony. The open kitchen features a suite of top-of-the-line appliances and the master bedroom comes with a custom walk-in closet and marble-clad bathroom.
Frankel has a second apartment in Soho and now lives part-time in Boston with her boyfriend, Paul Bernon.
- Bethenny Frankel chops nearly $1M off her Soho apartment
- Bethenny Frankel wants to flip her Hamptons home for a $1M profit
- Bethenny Frankel buys her second Hamptons retreat as an ‘investment property’
- Rent Bethenny Frankel’s chic Soho condo for $13K/month
Listing images of 2623 Montauk Highway by Chris Foster, courtesy of Compass
Listing images of 22 Mercer Street by Tim Waltman, courtesy of Compass