Making Lemonade: Don Lemon breaks even on Harlem condo sale

CNN anchor bought the unit for just under $1.5M in 2013

New York /
Feb.February 25, 2021 06:01 PM
Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard

Something is better than nothing, particularly after the year Manhattan’s residential real estate market had in 2020.

CNN anchor Don Lemon sold his two-bedroom condo in Harlem for around $1.53 million, according to Douglas Elliman. The sale closed on Thursday, with Lemon coming out slightly ahead; the final sale price was about $42,000 above what he paid for it in 2013.

Lemon bought the 1,404-square-foot apartment at 2280 Frederick Douglass Boulevard for about $1.49 million in 2013. He converted it from a three-bedroom into a two-bed with an open concept living room and chef’s kitchen. He lived there with his fiancé, Elliman broker Tim Malone, who handled the sale on his partner’s behalf.

When Malone initially listed the unit for $1.75 million last February, it was a different world. At the time, he said the couple wanted to try living in a new neighborhood and were looking for something closer to CNN’s studios at 30 Hudson Yards.

A few weeks later, the pandemic triggered a lockdown of nonessential services that banned showings. But Malone kept the listing live, ultimately dropping the price twice — first in August and again in October — to a final ask of $1.55 million before the unit went into contract.

“They are excited to create a new space together,” said Serine Labidi, an agent who works with Malone on Steven Cohen’s team, in an email. She noted that the couple is looking for a larger apartment now that they spend more time at home.

It’s unclear whether the couple have a new spot in mind. Lemon and Malone did not immediately respond to requests for comment.

Lemon also owns a five-bedroom house in Sag Harbor, which he bought for $3.1 million in 2016.





    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
    Celebrity broker Ryan Serhant is renting his Hudson Square penthouse. (Serhant)
    Ryan Serhant rents Lower Manhattan penthouse for $15K
    Ryan Serhant rents Lower Manhattan penthouse for $15K
    Birmingham and Bournemouth both saw a giant increase in demand. (Getty)
    Demand for rentals rises in UK’s largest cities in Q1
    Demand for rentals rises in UK’s largest cities in Q1
    This Arkansas compound  sits directly across from the University of Arkansas football stadium. (Getty, Realtor.com)
    Arkansas’ priciest home lists near Fayetteville football stadium
    Arkansas’ priciest home lists near Fayetteville football stadium
    Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and  22 East 67th Street (Getty, Corcoran, Google Maps)
    Foreclosure on Phil Falcone’s homes can move forward
    Foreclosure on Phil Falcone’s homes can move forward
    BHS CEO Bess Friedman, Sotheby’s CEO Philip White REBNY head James Whelan, Douglas Elliman executive chairman Howard Lorber and Corcoran CEO Pamela Liebman (Getty, iStock)
    Broker fee ban an “error,” court rules
    Broker fee ban an “error,” court rules
    arrow_forward_ios

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

    Loading...