Celebrity Homes: Madonna buys new town home in NYC with big plans to remodel
The “Material Girl” is not afraid of hunting for a good bargain in today’s real estate market. Madonna, acting as a savvy investor and international property shopped, picked herself up a new investment during the Summer 2009 real estate down-turned market.
Thanks to the American economic recession and many less fortune-laded millionaires fleeing New York due the “Millionaires Tax”, the cash laden maven of pop culture stardom was able to buy a lovely residence (a town house) in the Upper East Side of New York City for a mere forty million dollars.
Because the house is has a dated feel, it is likely Madonna will remodel the prime location home.
Madonna, known for perpetually remaking and remodeling herself, is not afraid of hard work or without creative inspiration. As such, a property in the right place, at the right price, and with the right potential for reconstruction inspired the international singing sensation, new divorcée, and movie star to purchase. Examiner.com