Paul Simon has cut $2 million off the asking price for his New Canaan, Connecticut, estate, which is now listed for $11.9 million. Meanwhile Hollywood power couple Sarah Jessica Parker and Matthew Broderick have sold their West Village Townhouse in Manhattan for $15 million, down from $19 million first asked.
Some observers site the drop in real estate values resulting from the Coronavirus crisis as a reason for these celebrities to cut their asking prices.
Mansion Global reports that Paul Simon bought his Connecticut home back in 2002 for $16.5 million. So that would come to a loss of $4.6 million at the new selling price and that does not even take into account inflation.
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Its main house was built in 1938 and has 8,525 square feet of space, six bedrooms and eight full bathrooms. There are also five wood-burning fireplaces. A formal living room that “boasts an entire wall of floor-to-ceiling built-in bookshelves and a kitchen with a rounded breakfast nook, perfect for Sunday brunch. An airy sunroom is also an ideal spot to enjoy the outdoors while escaping the elements.”
The property also has a swimming pool and a 2,400 square foot guesthouse. Whoever buts the estate will also be buying a piece of history as Paul Simon reportedly recorded his last four albums in the Guest house which he used as a recording studio.
Mathew Broderick and Sarah Jessica Parker were also forced to drop the price on their West Village townhouse. The couple had originally asked for $19 million for the property. They first bought the home located on Charles Street back in in 2000 for only $2,995 million. So at least they still made a big profit on the property.
The couple will now enjoy living in a 13,900 square foot mansion on nearby West 11th St. which they bought in 2016 for $34.5 million. The house also has a 2,100 square foot yard. 57 Charles Street was built in 1905 and has 3 stories and 1 unit. It has approximately 4,182 square feet of floor space.