Published 20:04 IST, August 7th 2020

Jennifer Lawrence takes huge loss as she sells her Upper East Side glass-walled penthouse

Popular actor Jennifer Lawrence did not have much luck with real estate. Reportedly, Jennifer Lawrence has recently resold her penthouse condo at a loss.

Reported by: Shakir Khan
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Jennifer Lawrence has h a very successful career in world of Hollywood movies. Having won an Acemy Award and being part of critically acclaimed movies like Hunger Games and Silver Linings Playbook, Jennifer has successfully created a huge name for herself in industry. But, actor did t have much luck with real estate. Reportedly, Jennifer Lawrence has recently resold her beautiful glass-walled penthouse condo.

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Jennifer Lawrence takes a huge loss on her glass-walled penthouse

Reported by Variety, when Manhattan market peaked in 2016, Jennifer Lawrence h paid $15.6 million for her glass-walled penthouse condo that is located on Upper East Side. Reportedly, according to tax records that were filed in late July, actor has w resold place for $9.9 million to Lebanese banker Marwan Kheireddine. Jennifer Lawrence didn’t count carrying costs, improvement expenses, and real estate fees, that sums up to an estimated total of a $5.7 million loss.

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Jennifer Lawrence h initially listed condo at Compass last year, with Pamela D’Arc, while asking for a very “optimistic” price of $15.45 million. She n got price down to $14.25 million, by late 2019, and later lowered it furr down to $12 million. But, taking into consideration huge common charges of over $5,700 a month, t to mention taxes, insurance and upkeep that toger amount to around $100,000 per year, cutting her losses seem to have been right decision to make.

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  4,100 sq. ft, full-floor terraced penthouse has a lot more to offer. In dition to 12-foot ceilings, it boasts of a paramic city views through floor-to-ceiling glass windows, and almost a 3,000 square feet of landscaped exterior , that also includes an outdoor grill.

 condo contains three bedrooms and 4 and a half bathrooms. Even though condo is t an ideal place to live in (considering blistering hot or frigid New York summers or winters) but it is fine for odd days in between. two levels of terracing have been enhanced by seating area in front of a wall with a mounted TV.  

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20:04 IST, August 7th 2020