Film director Woody Allen has moved from a $25,000 per month rental to a single-family home, in New York City.
The ink just dried on his $25.9 million townhouse contract, as The New York Observer reported on Jan. 19.
In 1999, Mr. Allen and his wife, Soon-Yi, purchased a 40-foot-wide Carnegie Hill mansion for $17.7 million. Located on East 92nd Street, the massive residence was approximately 14,400 square feet.
In July 2004, after a very public dispute with developers building a nearby condominium tower, Mr. Allen sold the mansion for $24.5 million to former Goldman Sachs executive Barry Volpert.
That deal broke the record sales price for single-family homes, trading hands at about $1,700 per square foot.
So itâ€™s not surprising that Mr. Allen recently told Vanity Fair, â€œI made more money in real estate than Iâ€™ve ever made from movies.â€?
Complete article: Woody â™¥ New York: His $26 M. Townhouse Buy Sets an Expensive Trend – by Michael Calderone, The New York Observer