Jennifer Lawrence's Disastrous Real Estate Deals Lost Her More Than $5 Million In Less Than Five Yea
Highlights
- Jennifer Lawrence, in spite of her luck, faced financial losses in real estate, particularily at the sale of her New York City apartment in The Laurel.
- Lawrence's rental used to be described as sumptuous, featuring 3 bedrooms, four and a part baths, floor-to-ceiling home windows, and a gasoline hearth, which justified its prime value.
- Numerous other celebrities like Britney Spears, Michelle Pfeiffer, Sandra Bullock, and LeBron James have also skilled significant losses in equivalent deals.
After Jennifer Lawrence first rose to fame, there used to be a time in which it looked like the whole thing she touched turned to gold. Between starring in two massive franchises, X-Men and The Hunger Games, and successful many awards, Lawrence's occupation was on fire. At that time, it virtually gave the impression of Lawrence could do no wrong.
While there is not any doubt that Lawrence still is very successful, it once in a while seems just like the tide has became since so much has been going flawed for her. On peak of Lawrence regretting starring in Passengers and one in all her roles bothering her so much that she underwent therapy, Lawrence also lost nearly $6 million in real estate deals.
How Did Jennifer Lawrence Lose Millions In Real Estate?
In the sector, there are very few puts where real estate is more expensive than in New York City's Upper East Side. Thanks to the fact that Jennifer Lawrence has made a fortune because of her occupation as a film megastar, she was in a position to buy an condominium in a building from that space known as The Laurel.
According to how The Laurel is described on cityrealty.com, it sounds just like the building is lovely fantastic to are living in. It is also worth noting that the development has anyone looking at the door always which is something a star who values their privacy would want.
"The Laurel is a 31-story condominium tower at 400 East 67th Street on the Upper East Side. Designed to be energy efficient and environmentally sustainable, it is LEED-certified. It features residences that have solid oak wood flooring, large windows, ceilings between 9 and 12 feet and Bosch washers and dryers. Units range from studios to four bedrooms.
The description continues, "The pet-friendly Laurel’s facilities come with the Trophy Club, a bi-level health and triathlon training middle, and the Laurel Club, a two-story house provided with a screening room, a eating room, a catering kitchen and a game room. Concierge service, a full-time doorman and parking also are offered. St. Catherine’s Park is within sight, as are a number of restaurants."
According to People's description of the specific apartment Lawrence bought, it sounds like a luxurious space for anyone to live in.
"The more-than-4,000-square-foot pad options 3 bedrooms, 4 and a half baths and a gasoline fireplace. The internal includes a chef's kitchen (with a wine refrigerator), floor-to-ceiling windows and get right of entry to to a private terrace that offers sweeping views of the town. "
People continues, "Bedrooms are separated from the entrance rooms by a protracted hallway. The comfortable major suite comes with a soaking bathtub, a spacious dressing room and a marble double sink. Split-level out of doors terraces wrap the condominium and offer quite a few area to entertain Lawrence's well-known buddies. There's also an outside kitchen, fireside, pergola and a built-in ping pong desk."
Since Lawrence's apartment sounds so impressive, it likely won't surprise anyone that she paid millions for it. Still, a lot of people wouldn't expect that in 2016 the famous actor paid $15.6 million for her apartment in The Laurel.
In July 2019, Lawrence decided that she wanted to sell her apartment, so she put it on the market for the first time. Even at that point, Lawrence was prepared to take a small loss as she was asking for $15.45 million.
Unfortunately for Lawrence, the real estate market can raise and fall in short order and by then it was clear nobody would pay that price. By January 2020, Lawrence had clearly come to terms with that as she lowered her price for the apartment to $12 million.
At that point, Lawrence was offering her apartment at a loss of more than 3.5 million, so she must have thought it wouldn't take long to sell. Amazingly enough, however, Lawrence would wind up taking a much larger loss than that.
By August 2020, Lawrence had finally sold her apartment for an amount that wasn't immediately clear. It wouldn't take long for the media to learn that the final price tag was $9.9 million which meant Lawrence ultimately took a $5.7 million loss on the sale.
Of course, most people have never had that kind of money let alone be able to survive taking that kind of loss. Fortunately for Lawrence, she is doing fine as Celebrity Net Worth reports she has a $160 million fortune as of this writing.
What Are The Worst Celebrity Real Estate Deals?
Looking back at the fact that Jennifer Lawrence lost almost $6 million in real estate between 2016 and 2020, some people may be tempted to mock her. In reality, however, loads of people lose money on real estate. Lawrence just lost a much larger amount of money because she is rich enough to buy expensive real estate.
Keeping in mind that losing money on real estate isn't that remarkable, that makes people wonder what other stars have made similarly bad deals. Sadly for the stars involved, many celebrities have lost a fortune on real estate.
In recent years, Britney Spears bought and sold a Los Angeles mansion. Between the two deals, Spears lost almost $2 million in a matter of months.
According to The Hollywood Reporter, there have been many celebrities who lost more than a million on a real estate deal. Some examples of those stars include Michelle Pfeiffer, David E. Kelley, Sandra Bullock, LeBron James, Simon Cowell, Justin Bieber, and Channing Tatum.
However, there is one real estate deal that a celebrity was involved in that is a notorious example of a massive mistake. Tragically for Kim Basinger, she is the movie star who made a deal that was so bad that it inspired a hit sitcom that premiered almost three decades later.
In 1989, Basinger bought the majority of a town that was known as Braselton, Georgia for $20 million. Keep in mind, that is $20 million in 1989 money. At the time, Basinger wanted to turn the town into a tourist attraction with major recording and movie production studios.
Of course, none of those plans came to fruition and after Basinger declared bankruptcy, the land was sold for just $1 million according to CNBC. The whole series of events became so infamous that it in part impressed the show Schitt's Creek.
ncG1vNJzZmivp6x7tbTErZ%2Bippeoe6S7zGihnqaenrOmvoylmLCqlaOwpr%2BMp5ytZaekv7W0jKWmrKtdl66ledGemKVllajBosDEZpuemZyofA%3D%3D