Olsen Twins Selling NY Apartment
Posted on November 29, 2007
Mary-Kate and Ashley Olsen are selling their New York apartment for a $4.7 million profit. The 21-year-old Olsen twins have never even lived in the 12 room Greenwich Village property but have now put it on the market for $12 million. The millionaire starlets have been renting out the spectacular condo for $35,000 a month since they first purchased it in 1994 for $7.3 million. The twins bought the 6,000-square-foot penthouse before moving from Los Angeles to the Big Apple. Prior to moving in, they planned extensive renovations on the new apartment.
Real estate agent Charlotte Van Doren said: “The apartment has been rented, and has been continually rented since they first bought it.” The apartment’s main feature is a 53ft-long entertainment space with a glass-enclosed fireplace in the center. The condo also boasts views of the Hudson River from the living/dining room, the master bedroom, the master dressing room and the two other bedrooms. It has two separate 100sq ft walk-in closets too.
The twins’s representative, Michael Pagnotta tells “People” magazine, “It turned out to be too much space, along with the fact that the renovation was going to take far longer than anyone expected. It just didn’t make sense anymore. Their needs changed in terms of their living situations. The school year is coming to the end and they might not be around to supervise the renovations and it just didn’t make sense.”
Mary-Kate and Ashley - who in 2005 were estimated to have a combined net worth of $300 million - have a lucrative brand including their own fashion and accessories range, their own film series and successful acting and modelling careers. Last week, Mary-Kate was admitted to a hospital with a “kidney infection”. She has since recovered and has been spotted dining out and shopping with Ashley in New York.
In January 2005, the twin moguls decided to spend their second semester in their own individual digs. Mary-Kate moved out of the pair’s three-bedroom Tribeca apartment and into a spacious loft in Soho. Ashley remained in Tribeca.
Source - tv.msn.com
2 comments
They were so adorable when they were on Full House. Now, they just look cracked out.
Why do they live in different places again? Aren’t they going to the same university?