Pop icon and business mogul Jennifer Lopez has finally unloaded her Manhattan penthouse, netting $23 million in a long-awaited deal that closes a protracted chapter in her real estate portfolio. The sale of the Madison Square Park property, confirmed by city records, comes seven years after the multi-hyphenate star first listed it on the market.
The luxurious duplex, situated at 21 E. 26th St., spans an impressive 6,540 square feet. Boasting four bedrooms and 6½ bathrooms, the property’s true crown jewel is its expansive outdoor space—nearly 3,000 square feet spread across four terraces on two levels. This urban oasis features unique amenities including a croquet pitch, a landscaped roof deck, and a putting green, offering a rare combination of space and privacy in the heart of New York City.
Lopez acquired the property in 2014 for $20.1 million, initially listing it in 2017 at $26.95 million. The journey to sale was marked by market fluctuations, with the penthouse appearing intermittently on listings under two separate brokerages before securing a buyer.
The penthouse resides in an exclusive six-story, neo-Georgian building housing only four units. Notable neighbors include Chelsea Clinton and her family, who occupy the floor below. The building has attracted other high-profile residents, including four-time NASCAR Cup Series champion Jeff Gordon and media mogul Dan Abrams.
Architectural highlights of the Lopez residence include soaring 12-foot-6-inch ceilings, pristine white oak floors, and a private keyed elevator opening into a great room adorned with a skylight and Palladian-style windows. The main floor showcases a state-of-the-art chef’s kitchen, complete with a breakfast bar and two wine fridges capable of storing over 100 bottles. A guest wing featuring three en-suite bedrooms rounds out this level.
The upper floor houses the primary suite, boasting two spa-like bathrooms, a spacious dressing room, and two private terraces. A media room with terrace access adds to the penthouse’s entertainment appeal.
This high-profile real estate transaction coincides with recent speculation about Lopez’s personal life, including rumors of relationship changes with Ben Affleck. As Lopez closes this chapter in her New York real estate holdings, industry watchers are keen to see where the savvy businesswoman and entertainer will invest next.
The sale, which went into contract in April and closed on Monday, was first reported by the Real Deal. It marks a significant move in the luxury real estate market, showcasing the enduring appeal of prime Manhattan properties despite recent market challenges.
As Lopez continues to make headlines in both her professional and personal spheres, this sale underscores her status not just as an entertainment icon, but as a shrewd player in the high-stakes world of New York real estate.
Source: New York Post
Photo: Brown Harris Stevens