Is Tom Brady's Time Warner Center Apartment Overpriced?

by Deidre Woollard (RSS feed)
Oct 13th 2008 at 8:02AM

For years it has seemed like golden boy quarterback Tom Brady couldn't fail. Championships, check, endorsement deals, check, gorgeous girlfriend; check, great real estate deals, check and maybe recheck. Brady did well in Boston when it comes to real estate, converting a townhouse into condos he sold at a profit but he can't seem to unload his ultra fancy New York pad in the Time Warner Center. It's not for lack of trying. As the New York Post's Gimme Shelter column reports it was listed for $16.5 million back in February 2007 with the Corcoran Group. Then, as my colleague Jared Paul Stern mentioned, it popped back on the market this July for $18.29 million listed with new broker, Prudential Douglas Elliman. Now at its current listing price of $17.75 million it still seems overpriced. Certainly other celebrities and non-celebrities have sold at a profit there. Ricky Martin bought it in 2004 for $6.8 million and sold it in September 2006 for $9.75 million. Brady's apartment was listed at $14.5 million when he bought in 2006 which may have been closer to the market's peak.

Brady's apartment is a three-bedroom, three-bath home on one of the highest floors of the Mandarin Oriental Hotel and Condominium at Time Warner Center. It's full of well designed furniture and has details such as black lacquered doors, ebony finished walnut wood floors, Venetian plastering and of course it boasts beautiful views of the city. Given the current real estate climate though, Brady may want to price it in the $15 million range and get out now while he still can.

Gallery: Tom Brady at Time Warner Center

Tags: celebrity real estate, CelebrityRealEstate, new york city, NewYorkCity, nfl, time warner center, TimeWarnerCenter, tom brady, TomBrady

Filed under: Estates, Celebrity Shopping, Sports

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Reader Comments (Page 1 of 1)

floridaenterprise Oct 13th 2008 10:57AM

Yea, its always a good idea when your house doesn't sell to raise the selling price by $1.25 million ... you know, just to make sure those idiots who didn't jump on your earlier deal realize what dolts they were for not buying when your house was "on sale."

That'll teach 'em!

SAM Oct 14th 2008 10:42AM

I feel sorry for his guy; here’s another examples of his need for a women’s touch. Here’s hoping that the new broker will tell him:

•The furniture arrangement doesn’t look the best
•The dining room area needs a rug and a centerpiece
•The living area needs a rug as well
•The fitness equipment (back right corner) needs to come out of the master bedroom
•The bathroom needs towels
•The bathroom and kitchen need color
•Every room needs either plants and/or silk arrangements.

That view is amazing and the place looks grand; unfortunately, it doesn’t look like a superstar’s place.