Kanye West, who plans to become “one of the biggest real estate developers of all time,” takes loss on Soho condo
Yeezy sold the unit for $3M to a neighbor
Aspiring real estate mogul Kanye West just sold his Soho condo to another resident in the building for $3 million — unloading the unit for slightly less than he paid for it.
West purchased two units at 25 West Houston Street in 2004 and 2006 for a total of $3.14 million. He subsequently combined the two-bedroom and studio units to form one large apartment.
The buyer’s identity hasn’t been revealed, but TMZ reported that another resident in the building picked up the pad for $3 million.
Back in 2013, the New York Post reported that Kanye was quietly trying to sell a fourth-floor unit in the building for $4.5 million.
In May, the musician and provocateur announced plans to launch his own architecture firm: “Yeezy home.” In a radio and television interview last month, West said he planned to become “one of the biggest real estate developers of all time. Like what Howard Hughes was to aircrafts and what Henry Ford was to cars.” [TMZ] — Kathryn Brenzel