Celebrity photographer Annie Leibovitz is the proud new owner of a gorgeous home that will fill you with so much real estate envy.
According to 6 Sq. Ft., her new neighbor is none other than Robert DeNiro. This place sounds amazing:
[She] nabbed the Brentmore co-op for $11.25 million, a bit lower than the $14.5 asking price from a year and a half ago. However, the celebrity photographer will be gaining more than an A-list neighbor. After a long day of work she’ll have a gorgeous 3BR/3.5 bath duplex to return to. The apartment has its own appreciation for the picturesque, with large windows framing Central Park and delivering front row views to the Macy’s Thanksgiving Day Parade.
The first floor has a guest bedroom and bath, created by combining two former staff rooms; and the rest of the bedrooms are on the second floor along with the master suite. The Schwartz and Gross designed building has French and Italian inspired architecture with terracotta window surrounds and a beige brick façade. The first floor has a guest bedroom and bath, created by combining two former staff rooms; and the rest of the bedrooms are on the second floor along with the master suite. The Schwartz and Gross designed building has French and Italian inspired architecture with terracotta window surrounds and a beige brick façade.
Leibovitz sold her previous home in January for $29 million, $4 million less than the original asking price. The new purchase caps off a few years of financial difficulties compounded by personal loss in her life. Via the Daily Mail:
In 2009, she was sued over a dispute over the terms of a loan repayment that involved her townhouses and photo archives, which creditors claimed she had put up as collateral, and saw her narrowly miss having to file for bankruptcy. A breach of contract lawsuit was filed against Ms Leibovitz by Art Capital Group for $24 million regarding the repayment of a $15.5million loan that she took after experiencing multiple financial challenges.
In a short matter of time Ms Leibovitz lost her father, mother, and her long-time partner, Susan Sontag, while simultaneously welcoming twins into her family, and bankrolling the renovation of her three West Village properties.
However Art Capital Group withdrew its lawsuit against Ms Leibovitz a few months later in 2009 and extended the due date for repayment of the $24 million loan.
The compound’s sale would likely cover a majority of what Ms Leibovitz still must repay.
‘It’s a big step on her road to financial recovery,’ a source said. ‘She waited long enough and made a really good deal.’
Under the agreement with Art Capital Group, Ms Leibovitz continues to retain control over her work, and is still the ‘exclusive agent in the sale of her real property (land) and copyrights.’
Images via Warburg Realty.
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