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Madonna Buys $40 Million New York City Townhouse

April 14, 2009 RSS Feed Print

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Housing crisis or not, Madonna is apparently jumping into the Big Apple's real estate market. The Material Girl has signed a roughly $40 million contract for a four-story townhouse on New York's Upper East Side, the New York Post reports.

That's some $5 million less than the original asking price…

But her new home in what brokers call the "Far East" does not appear to be all that much of a bargain.

No residence in that area "has ever sold for $20 million, let alone $30 million -- or ever will again," said one broker who asked not to be identified.

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Are you kidding, "no home will ever sell for that price again?" Maybe not, but someday Madonna's new house will sell for more, because she will sell it and make a profit. Madonna does not make mistakes, she knows how to play the market and is like a viper when it comes to these things. Miss M is a real estate genius who has had various properties all over the world. She sees trends before they happen, that is why she is Madonna, if you have not learned by now, take notice of Madonna's moves, could earn you a profit in the future.

Fabian Starr of NC 7:47PM June 16, 2009

you could not afford to live there economically or IQ wise. Madonna you rock!

Mike Pickett of CA 8:45PM April 15, 2009

Bring her on... any one take the time to figure out the realestate taxes and income taxes that she will be paying NYS , who desperatly needs the money? Welcome home sweetie, and we welcome your money as well.

JS allen of NY 10:36AM April 15, 2009