Chelsea Clinton paid $1.2M under ask at new pad

Clinton and husband paid only $9.25M for Whitman building condo

New York /
Sep.September 22, 2013 06:00 PM

Chelsea Clinton and husband Marc Mezvinksy got quite a deal last March when they purchased their new apartment in the Whitman condominium building on Madison Square Park. Although it appeared at the time like the couple paid the full list price of $10.5 million, new city records show that they actually paid only $9.25 million, a $1.2 million discount.

Recently, two other nearly identical 5,000-square-foot apartments sold in the building for $10 million each – making Clinton and Mezvinksy’s purchase price closer to a $750,000 discount. One went to NASCAR driver Jeff Gordon and the other went to a hedge fund shark and his model wife, according to the New York Post. All three apartments went into to contract within two months of each other.

So what’s with Clinton’s hefty discount? It turns out the former president’s daughter got an early bird special:

“Marc and Chelsea agreed to buy the apartment last year. As they were the first to do so in the building, they received a discount, as is not uncommon in New York,” a spokesperson for the buildig told the Post. [NYP]Christopher Cameron


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
Sam Zell with a RVC Outdoor Destinations site (Getty, RVC)
Sam Zell’s Equity Lifestyle Properties invests $147M in manufactured homes
Sam Zell’s Equity Lifestyle Properties invests $147M in manufactured homes
From left: Caren Maio, Blima Ehrentreu, David Abrams, David Schechtman and Justin Ehrlich
Proptech stars — they’re just like us: Future City attendee spotlight
Proptech stars — they’re just like us: Future City attendee spotlight
Richard Wagman, managing partner, Madison Capital (Care/of, Madison Capital, iStock)
Madison Capital signs wellness company in Brooklyn office
Madison Capital signs wellness company in Brooklyn office
Reza Merchant and 555 Broadway (Google Maps, LinkedIn)
The Collective unloads Williamsburg dev site to avoid foreclosure
The Collective unloads Williamsburg dev site to avoid foreclosure
Vornado co-head of real estate Glen Weiss and Sharebite President Mohsin Memon (VNO, Facebook, iStock)
Vornado sweetening Manhattan properties with food delivery partner
Vornado sweetening Manhattan properties with food delivery partner
arrow_forward_ios

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

Loading...