Richard Gere Sells Manhattan Townhouse for 12 Million
Richard Gere has sold his New York City townhouse for 12 million dollars according to reports out of the New York Observer. The homes selling price does not compare with his uptown neighbors, but it is the highest price ever recorded for the MacDougal-Sullivan Garden neighborhood.
With apartment values up 23 percent in New York this year, this is not a big surprise that the price sets a record for Gere. You have to figure there is a little bit of a celebrity premium in the price.
But things are getting better! The city deed for his sale was filed in city records this morning, and the sale amounts to a whopping $12,850,000–whereas we thought it would clock in around $9 million.
Why is that an astounding sum? For one thing, Mr. Gere’s most recent film grossed just $7,164,995 nationally (even though it cost at least $25 million to produce.) And more significantly, no house in the glorious MacDougal-Sullivan Garden Historic District, the row of townhouses that Anna Wintour calls home, has ever crossed the $10 million mark.
The lucky buyer is listed in city deeds as EDV Sullivan, LLC.
“The types of people that are going to come and live in the garden are going to be different now, with those kinds of prices,” association president Lisa Douglas told The Observer. “It doesn’t mean they’re bad people.” via The New York Observer.
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