Alex Rodriguez has bought another apartment building here in New York City.
Rodriguez is in contract to buy a 114-unit brick apartment house at 340 E. 51 St., according to the New York Post. He paid “less than $100 million” for the 14-story Turtle Bay building, known as “The Allen House,” where rent for 423-square-foot studio apartments costs $2,550 a month, according to StreetEasy.
By Clark Savage, Jr.
“The plan is to spruce up the place, including a gym, which will allow for higher rents on fair market units, Rodriguez’s partner, Ofer Yardeni of Stonehenge NYC, told The Post. “As apartments are vacated they will also be upgraded, including electrical service, flooring and stainless steel washers and dryers in every unit. “You can do it since over 90 percent of the units are at fair market rents,” which creates natural turnover, Yardeni said.”
Rodriguez, “who is engaged to “Hustlers” star Jennifer Lopez, already owns more than 15,000 apartments in 13 states through his Monument Capital Management. He first dipped his toe into the New York City real estate market in June after meeting Corcoran on ABC’s “Shark Tank” and chipping in to buy a small East Village building,” the Post added.
The former slugger has taken quite an interest in real estate. According to businessinsider.com, “According to Mansion Global’s sources, A-Rod sold his Hollywood Hills home to an unknown buyer for $4.4 million in a sale finalized earlier this month. He first listed the home last November for $6.5 million and eventually lowered the asking price to $5.25 million in March.
The retired baseball pro was repped by Carl Gambino from Westside Estate Agency in the sale. Rodriguez purchased the property from Meryl Streep in 2014 for $4.8 million, meaning that he offloaded the property at a slight loss.”
Of course, life in general is good when you are Alex Rodriguez. He was out in public today telling anyone who would listen that he “couldn’t be more proud of his fiancee for landing the Super Bowl LIV halftime show! The Yankee legend shared a sweet message in honor of JLo, soon after news of her iconic gig was announced!,” according to hollywoodlife.com.
“Alex Rodriguez can’t wait to bring it back home to Miami for Super Bowl LIV! The former MLB star, who has a home there with Jennifer Lopez, congratulated his fiancee after she landed the coveted Super Bowl halftime show. “So proud and SO EXCITED! Bringing it home! Going to set the #305”, he captioned the official promo photo of JLo, alongside Shakira, who will also co-headline the February 2 performance. “Going to set the world on 🔥🔥🔥,” the web site added.