A-Rod catches substantial profit from Rushmore flip

New York /
Jan.January 24, 2012 10:00 AM

Yankees slugger Alex Rodriguez has sold his Rushmore condominium for a significant profit just 10 months after buying it last March, the Wall Street Journal reported. Rodriguez put the unit on the market in October with Modlin Group President Adam Modlin for $8 million, seven months after he purchased it for $5.5 million

The apartment entered contract last week, and although the Journal could not determine the exact price, brokers familiar with the deal said it would yield a substantial profit for baseball’s highest-paid player. The 3,585-square-foot apartment comprises the entire 35th floor of one of the two structures in Extell Development’s luxury complex at 80 Riverside Boulevard Near 65th Street.

The third-baseman’s high-profile purchase in the building last year increased interest in the building, positively impacting both the sales pace and the sales prices, brokers said. It is unclear why Rodriguez sought to flip the apartment so quickly. [WSJ]

 

Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Mustang, Texas is now owned by billionaire Mark Cuban. (J Elmer Turner Realtors, Inc.)
Mark Cuban buys a Mustang (well, a town called Mustang) in Texas
Mark Cuban buys a Mustang (well, a town called Mustang) in Texas
Former Boston Celtic Kemba Walker sells Boston mansion in off-market deal
Former Boston Celtic Kemba Walker sells Boston mansion in off-market deal
Former Boston Celtic Kemba Walker sells Boston mansion in off-market deal
Vanilla Ice and Mark Alfieri
Vanilla Ice is back with a new home makeover show
Vanilla Ice is back with a new home makeover show
Making money moves: Cardi B buying up real estate
Making money moves: Cardi B buying up real estate
Making money moves: Cardi B buying up real estate
Leon Black and Debra Black with the townhouse (Getty, Beauchamp Estates)
Former Apollo CEO Leon Black buys $28M London townhouse
Former Apollo CEO Leon Black buys $28M London townhouse
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...