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Madonna Drops $40M on NYC Townhouse

Material Mom might be putting off promised move to Malawi

By Kevin Spak,  Newser Staff

Posted Apr 14, 2009 1:31 PM CDT
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(Newser) – Madonna may be sending her moving van(s) to the Upper East Side of Manhattan rather than Malawi, reports the New York Post. The singer is plunking down $40 million for a Georgian-style townhouse. That’s $5 million less than the asking price, but hardly a bargain; no residence in the area “has ever sold for $20 million, let alone $30 million—or ever will again,” says one broker.

The residence may also suffer from its close proximity to the subway. But the style of the house apparently made it irresistible for the Material Girl. “She’s trying to re-create London in New York City,” said one source, “and this is in the style of a London townhouse.” Madonna has also asked designers to build a residence on a plot of land she owns in Malawi, in the hope of adopting another child there.

U.S. pop star Madonna visits Salaza village near Lilongwe, Malawi Friday, April, 3, 2009.
U.S. pop star Madonna visits Salaza village near Lilongwe, Malawi Friday, April, 3, 2009.   (AP Photo/Tsvangirayi Mukwazhi)
In this April 3, 2009 file photo, U.S. singer Madonna visits a development project in Gumulira, Malawi.
In this April 3, 2009 file photo, U.S. singer Madonna visits a development project in Gumulira, Malawi.   (AP Photo/Riccardo Gangale)
US pop star Madonna during her visit to Salaza village near Lilongwe, Malawi Friday April 3 2009.
US pop star Madonna during her visit to Salaza village near Lilongwe, Malawi Friday April 3 2009.   (AP Photo/Tsvangirayi Mukwazhi)
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real estate • New York real estate • New York City • Manhattan • Malawi • Madonna

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