Jennifer Lopez, Alex Rodriguez roughly break even on 432 Park unit they bought last year

Couple paid $15.3M for the unit

New York /
Jun.June 25, 2019 12:15 PM
Jennifer Lopez, Alex Rodriguez and 432 Park Avenue (Credit: Getty Images)

Jennifer Lopez, Alex Rodriguez and 432 Park Avenue (Credit: Getty Images)

Little more than a year after moving into Macklowe Properties’ 432 Park Avenue, newly engaged Jennifer Lopez and Alex Rodriguez are moving on.

The celebrity couple sold their 4,000-square-foot apartment to BBH Ventures LLC for $15.75 million, the New York Post reported, citing property records. The outlet reported last week that the unit, on the 36th floor of the 96-story tower, had gone into contract. Adam Modlin of the Modlin Group had the listing.

The pop star and former Yankee pitcher put the unit back on the market in January, less than a year after buying it for $15.3 million. The original asking price was pegged at $17.5 million, and while the sale price came out less than that, the couple still made a profit of $440,000 — or less once various transaction and brokers fees are taken out.

The couple, which got engaged in March, needed a larger space to accommodate their four combined children, a source told Page Six in January. [NYP] — Kevin Sun


Related Articles

arrow_forward_ios
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
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”
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
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Alex Rodriguez and the Bridgehampton house (Corcoran, Getty)
A-Rod rents Bridgehampton home, stone’s throw from J-Lo’s
A-Rod rents Bridgehampton home, stone’s throw from J-Lo’s
Sanctuary Ranch outside of Billings, Montana, a nearly 900-acre property that Paul and Roberta Johnson bought in late December. (Hall and Hall)
Homes on the range: Luxury ranch sales are booming
Homes on the range: Luxury ranch sales are booming
Joseph Tabak, 530 West 30th Street and Related's Stephen Ross (Getty, Related)
Related sues Joseph Tabak for skipping rent in Hudson Yards
Related sues Joseph Tabak for skipping rent in Hudson Yards
9 Prospect Park West and 2 Northside Piers in Williamsburg (Photos via Google Maps and 2 Northside Piers/Facebook)
A Park Slope co-op was one of the priciest deals inked last week
A Park Slope co-op was one of the priciest deals inked last week
220 Central Park South with Michael Cantanucci and 378 West End Avenue (Photos via Getty Images, Jim.henderson/Wikimedia, 378WEA)
Discounts for Manhattan’s luxury homes have shrunk
Discounts for Manhattan’s luxury homes have shrunk
arrow_forward_ios

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

Loading...