Beyoncé sold this Midtown crash pad for just under $10M

Power couple have bought about $114M in real estate in recent months

TRD New York /
Sep.September 28, 2017 08:30 AM

One Beacon Court, Beyoncé and Jay-Z (Credit: Corcoran Sunshine and Getty Images)

After shelling out $114 million on estates in Los Angeles and East Hampton this summer, Beyoncé and Jay-Z apparently have little use for a comparably modest three-bedroom in Midtown.

Last month, Beyoncé unloaded her condominium at One Beacon Court, located at 151 East 58th Street, for $9.95 million. “The sale happened really quickly,” a source told the New York Post. “There was so much going on.”

     Related: Jay-Z and Beyoncé take out conventional mortgage on Bel Air home

The 44th-floor unit, with 2,669 square feet, sold in just 11 days. With floor-to-ceiling windows, it has a chef’s kitchen and three bedrooms. Tina Knowles, Beyoncé’s mother, sold her apartment at One Beacon Court for $5.1 million in 2011.

The Corcoran Group’s Deborah Grubman, David Adler and Paul Albano represented the singer and actress in the sale. Compass’ Victoria Shtainer represented the anonymous buyer.

The power couple also have a penthouse in Tribeca, but kept this apartment as a crash-pad for relatives.

And they’ve got plenty of other places to hole up on both coasts. Beyoncé and Jay-Z shelled out for an $88 million, 30,000-square-foot estate in Los Angeles and a “Gatsby-esque” mansion on Georgica Pond in East Hampton that set them back $25.9 million. [NYP] — E.B. Solomont

Related Articles

From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Lena Dunham and 60 Broadway (Credit: Getty Images)

Lena Dunham’s “massive real estate mistake”

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

Martha Stewart

Design it the Martha Way: Martha Stewart to brand real estate developments worldwide

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

From left: Bono, David Beckham and Taylor Swift

From Shaq to Leonardo DiCaprio, the latest celebrities to invest in real estate