Leibovitz real estate holdings could be worth four times purchase price

August 28, 2009 03:38PM

Photographer Annie Leibovitz’s New York real estate holdings could be worth as much as $40 million, more than four times the price she paid for them, according to brokers. Leibovitz has until Sept. 8 to repay a $24 million loan from Art Capital Group and Goldman Sachs. Art Capital filed a suit against Leibovitz in New York State Supreme Court July 29, claiming Leibovitz had breached an agreement that allows the company to sell her real estate and catalog of photographs, used as collateral on the loan. Leibovitz owns three brownstones in the West Village and 220 acres in Rhinebeck, NY.

Comments are closed.