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.
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Listing photos by Tim Waltman for Compass; photo of Bethenny Frankel via Wiki Commons
Bethenny Frankel, one of the original cast members of “The Real Housewives of New York City” and founder of Skinnygirl, has just relisted her Soho apartment for $4,375,000, a price chop from the 2017 asking price of $5,250,000 and an optimistic move after listing it as a $13,000/month rental (h/t New York Post). Despite the 17 percent price reduction, Frankel still stands to make a small profit on the unit, which she bought for $4.2 million in 2014. Located on a cobblestone block in the neighborhood’s historic cast-iron district, the residence at 22 Mercer Street is a roomy 2,392-square-foot two-bedroom outfitted with chic designer furnishings.
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Photo of Bethenny Frankel via Wikimedia
After an unsuccessful stint on the sales market, Bethenny Frankel’s condo in Soho is now a $13,000 per month rental. Frankel, star of Real Housewives of New York City and founder of the Skinnygirl empire, first tried to sell the two-bedroom apartment at 22 Mercer Street for $5.25 million in February but to no avail. While it’s now listed as a rental, the apartment is still available for purchase at a slightly lower price of $4.95 million, Curbed reports. The loft spans 2,392 square feet and boasts a working wood-burning fireplace, a balcony and 14-foot ceilings.
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For a while, anyway, as the Skinny Girl mogul and RHONY regular recently listed her renovated pad downstairs at 22 Mercer Street. But the cobblestones of Soho‘s Cast Iron District boast more than enough celebrities to withstand the loss, and this 2,392-square-foot loft has had its own renovation; on the market for $4.75 million, it’s stellar enough that it doesn’t matter who the neighbors are.
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If you thought Bethenny Frankel had a scattered personality on “The Real Housewives of New York,” just check out her real estate game. After splitting from ex-husband Jason Hoppy, the reality star bought a $4.2 million Soho loft in April 2015, the same month she picked up a $3 million+ Hamptons compound. She also bought a second Soho loft around that time to serve as an office for her “Skinny Girl” empire. Once the embattled couple (he was recently arrested for allegedly harassing her) finalized their divorce, she sold their former $7 million Tribeca loft this past October in just one day. People now reports that Frankel put the Soho loft at 22 Mercer Street on the market for $5.25 in order to find a larger home for herself and daughter Bryn (and from the sound of it, get away from its divorce-era juju), and she admitted to the mag that, “I have been doing really well in real estate and I’ve got the bug.”
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If you’ve been following the roller coaster that is reality television star Bethenny Frankel‘s life, you know that she started out as a single, struggling entrepreneur on “Real Housewives of New York City.” She then launched the Skinny Girl margarita, sold the brand to Jim Beam for a reported $120 million, got married and had a daughter, filed for divorced, and rejoined the Housewives. On the recent season of the show, she considers herself “the richest homeless person in Manhattan,” as her ex-husband stayed in their $5 million Tribeca apartment at 195 Hudson Street.
We think Frankel’s use of the word “homeless” is a little ridiculous considering she was splitting her time between lavish Hamptons rentals and high-end Manhattan hotels, but the Daily News has revealed that the Skinny Girl is actually the owner of apartment 2D at 22 Mercer Street in Soho. A nomad no more, Frankel is waiting to move into the gorgeous loft, which she bought about seven months ago for $4.2 million, until renovations are complete. But judging by the photos of the home, we can’t imagine there’d be that much to change.
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