Ms. Swift has been in the news this week after pre-sales of her Eras tour all but broke the internet, crashing the Ticketmaster site and causing the company to cancel regular ticket sales because of a lack of inventory, according to Fortune. After sales were canceled, tickets started popping up on the secondary market, including one single floor ticket for a Philadelphia show in May asking $45,000.
When Ms. Swift lived at the Cornelia Street abode, she paid about $40,000 a month, according to People. Representatives for the musician did not immediately return a request for comment.
From Penta: Christie’s Cancels T. Rex Auction in Hong Kong
Currently, the building is being rented to the Italian furniture firm, Zanotta. The company has created an immersive experience at the residence, dubbing it Zanotta House New York. Representatives for the company did not immediately return a request for comment.
The home last traded in 2019 for $11.5 million, according to records with PropertyShark. The owners were not available for comment.
Mansion Global Daily
Sales Plummet in South Florida, Brad Pitt’s Former Malibu Mansion Sells for $45 Million, and More
‘The Tide Is Turning’ in South Florida’s Frenzied Luxury-Home Market
South Florida has been the poster child of the frenzied pandemic property market. Since the onset of Covid in 2020, the region has seen demand surge for its housing and prices skyrocket right alongside it. But now, some two and a half years on, things are coming back down to earth.
“The tide is turning in South Florida,” said Garrett Derderian, director of judi slot online terpercaya market intelligence at Serhant, one of the many brokerages to have released third-quarter data for the region this week.
“No market was immune to the broader factors that are torpedoing sales,” he said in Serhant’s report, noting that rising mortgage rates, recession fears and volatile financial markets have all caused ripples across the region. “While part of this is a supply-side issue, the strength we have seen in South Florida is beginning to wane.”
In Palm Beach—home to some of the priciest real estate deals made in the U.S. over the past couple of years—the number of single-family home and apartment sales cooled significantly in the third quarter, down 65% and 52% year over year, respectively, according to a Thursday report from Corcoran.