Lady Gaga's former New York penthouse listed for $7 million
Property in Hell's Kitchen, with approximately 344 m² and a private terrace, was attended by Carmelo Anthony and Tracy Morgan, according to Times Brasil.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM TIMES BRASIL · 2 MIN
A penthouse in New York that was once linked to Lady Gaga came on the market for around US$7 million, equivalent to approximately R$37.8 million, according to Times Brasil. For readers who follow the high-end real estate market, the ad draws attention less because of the price and more because of the address' history.
According to the publication, which cites People magazine, the property is located in Hell's Kitchen, Manhattan, and has approximately 344 m² of internal area, as well as a private terrace. The unit occupies the top floor of a building that housed the Hit Factory studio.
Real estate firm Douglas Elliman advertised the property. According to Times Brasil, the company confirmed that Lady Gaga, former basketball player Carmelo Anthony and comedian Tracy Morgan passed through the address, but did not say whether they were owners or tenants. This difference changes the reading of the case, because it defines who had the right to sell the property.
What is at stake, at this moment, is the asking price, and not an already closed sales price. The data collected does not include a deadline, buyer or details of the negotiation, so the advertisement alone does not allow us to say how much the property will ultimately be sold for.
An isolated case of luxury property hardly serves as a reference for the market as a whole. The interest surrounding the news comes mainly from the association with celebrities.
What changes for the investor
For those who invest in the stock market, the Nasdaq or in assets linked to interest and the dollar, this sale has no direct and measurable effect on prices. The property is an individual asset, with no connection to the securities that the investor monitors. The case serves as a reminder that the announced value is not necessarily the final value and that high-end private negotiations can only be read with complete data, such as closed price, deadline and ownership status. In the facts established, there is no basis for predicting prices or indicating the purchase or sale of any asset.
Automatically translated from Portuguese.
