February 17th, 2008 → 12:00 am @ Jordan McAuley // No Comments
This just in* from New York Magazine about how Celebrity Leverage can affect real estate:
“The beaux-arts townhouse on East 62nd Street had been on the market for at least two years, its asking price varying from $31 million to $35 million.
However, ‘It wasn’t getting any traffic,’ says listing broker Lee Summers of Sotheby’s International Realty.
“But then in in Spring of 2007, Madonna stopped by for a look; this popped up in gossip columns over the next couple of days. (One Web site called the house the star’s ‘favorite.’)
“Within a month, two parties were bidding on it, and soon after that, the house that wouldn’t sell went into contract–for the full asking price.”
Here are some fun celebrity real estate blogs. Know any others? Share them here!
* Big Time Listings
* Curbed NY
* Curbed LA
* Luxist Estates
* Real Estalker
* New York, February 11, 2008, Page 58.
Tags: lee summers, madonna, miel, new york magazine, sotheby's international realty
