Billy Joel Sells New York Penthouse For $11.4 Million, Makes $10 Million Profit

Billy Joel

Billy Joel has sold his luxurious New York penthouse for $11.4million, meaning that he has made more than $10million on the property after he only bought it for $1.6million in 1998.

Joel’s home looks over Central Park and was bought by a European financier, who was clearly seduced by the home’s various extravagant features. Joel reportedly lived in the home with his ex-wife Christie Brinkley throughout the 1980s and 90s.

It possesses nearly 3,000 square feet of outdoor space which overlooks Central Park and all of its splendour, has two-bedrooms as well as two and a half bathrooms, three fireplaces, and a private elevator.

The building’s address is 128 Central Park South and it was built in 1925. The apartment was previously owned by the medial mogul and founder of CNN, Ted Turner, before Billy.

During his time in the abode, Joel decided to reinforce the weight of the floor so that his piano could sit there. The home also features three terraces all of which give spectacular views on New York and Central Park below it.

Lisa O’Connor of City Connections, told New York Daily News, “Your jaw drops when the elevator opens. It’s a real OMG moment. It’s like you’re floating on Central Park. And that’s before you see the terraces.”

Discussing the price it sold for, real estate consultant Esther Muller remarked, “[He] got in just at the right time before the high-end market explodes. It needs a little work, but this home can almost never go down in value.”

Joel is currently considering retiring from performing, only after he performs at the Inaugural Stone Music Festival in Sydney, Australia, in April though.

“I want to see if it’s time for me to get off the stage. There’s a time when an athlete says I can’t swing the bat anymore. So I get to feel it out… this will be a big test for me,” said the musician.