Thursday, January 12, 2006

Britney Spears Drops Price on New York Penthouse

Britney Spears is set to dump her New York apartment as she completes her move to the California coast according to a report from the UK.
Brit now a 'Left-Coaster'
The pop tart does seem to have a bit of a problem, though. The home is not selling and she has had to cut the price.
Contact Music UK cites a New York Magazine report:
The Toxic singer's luxury penthouse abode was first put on the market at $6 million, but is now being offered for $4.95 million, according to New York Magazine.
Spears has owned the three-bedroom apartment for several years, but first decided to put it on the market when she became pregnant and opted to move to the US west coast with husband Kevin Federline.
The 24-year-old recently changed real estate brokers in an effort to get things moving and her new broker, Adam Modlin of the Modlin Group, has advised her to drop the price steeply to a "bargain" $4.95 million.
The article does not make clear what Spears paid for the penthouse "several years ago" so it's unclear if she'll still turn a profit from her original purchase price.


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