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Sarah Jessica Parker And Matthew Broderick Made New York’s Most Expensive Real Estate Closing, But At A Loss Of $750K

By Alap Naik Desai
Published on: 00:45 PST, Jul 5, 2015

Sarah Jessica Parker and Matthew Broderick sold their 150-years old townhouse in Greenwich Village for $18.25 million. Though they just made New York’s most expensive real estate closing, they took a loss of no less than $750,000 on the $18.995 million they had paid for it in 2011.

After attempting to sell the six bedroom mansion for almost 3 years, Parker and Broderick managed to offload it. They had to substantially lower their asking price, multiple times, in order to sell the townhouse. Though $18.25 million is still by far the highest selling price to date for such a magnificent property, people aren’t forking out asking prices for real estate anymore and, surprisingly, the value remained unappreciated despite the fact that it was owned by a celebrity couple.

Parker and Broderick had purchased the townhouse as an investment property and may have never lived in the same. However, that did didn’t stop the celebrity couple from pouring an undisclosed amount of money into the house. That the couple initially asked $25 million indicates they spent a small fortune renovating the four-story Greek revival masterpiece, which features six bedrooms, seven wood-burning fireplaces, and a split-level landscaped garden.

The 6,800-square-foot home, which spans an entire fourth floor, listed with Fredrik Eklund of Douglas Elliman Real Estate, also boasts a large all-stone oval hand-carved bathtub, a 25-by-10-foot private terrace overlooking the rear garden, and a Juliet balcony overlooking one of the most tranquil areas of E. 10th St. Manhattan.

One floor up is the spacious family room and media center, with two skylights for ample natural lighting. Of course, given the fact that it was co-owned by Sarah Jessica Parker, the house also has not one, but two walk-in closets with a 17-by-7-foot dressing room.

It is quite clear that the asking price was getting no takers, as Parker and Broderick lowered it to $22 million last summer. The most recent asking price was $19.95 million, which needless to say was $1.7 million more than what eventually managed to sell the house for. In fact, the celebrity couple couldn’t even get back their initial investment and had to bear a loss of $750,000 on the property. What made the loss more painful was annual property taxes on the five-floor, six-bedroom, 6,800-square-foot townhouse, which are about $92,695.

Built in 1845, the townhouse certainly isn’t everyone’s cup of tea. The real estate agency hasn’t revealed who hammered the price down to $18.25 million and took the townhouse off the hands of Parker and Broderick.

[Image Credit: Brad Barket / Getty Images]

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