Beyonce’s New Neighbor: Taylor Swift Buys $20 Million NYC Penthouse

April 18, 2014

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For several weeks now, speculation has been brewing about whether or not singer Taylor Swift has made a new, and substantial, purchase in New York City. Now it has been confirmed that she did in fact just drop $20 million for not one, but two penthouse apartments near some big name celebrities in the city that never sleeps.

The new apartments

According to E! News, Taylor Swift has confirmed that she has purchased two lavish penthouse apartments in the Tribeca area of New York City, an upscale area with plenty of other celebrities and pop stars. She spent a total of $19.9 million on the two penthouses, just a year after purchasing an $18 million home in Rhode Island that was 3,000 square feet larger than the two penthouses combined.

The two penthouses take up an entire floor of the building, equaling approximately 8,000 square feet in total. They once belonged to Peter Jackson, award winning director of “Lord of the Rings.”

They were put on the market in May of 2013, and purchased by someone who had yet to reveal themselves. Rumors started circulating that Taylor Swift was the one to purchase the apartments.

There was already talk that Swift was looking to buy a penthouse in New York City, looking mostly in the SoHo and West Village areas. Instead, she decided to buy the penthouse floor in Tribeca.

Taylor Swift’s new neighbors

Taylor Swift may be moving to New York City for a good deal of the year, but she isn’t alone. The same neighborhood also includes Lena Dunham, Bethenny Frankel, Gwyneth Paltrow, Beyonce and Jay Z. She has already been seen around the city hanging out with friends, shopping, and going to restaurants in the area.

Swift’s other residences and purchases

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Taylor Swift has a reputation of making big purchases, especially when it comes to real estate. Just last year, she spent nearly $18 million on an extravagant mansion in Westerly, Rhode Island, spanning 11,000 square feet.

The mansion has 8 bedrooms and 10.4 bathrooms. This was following the flipping of her $5 million home in Cape Cod, profiting approximately $1 from that sale.

She also has a slightly more modest home in Beverly Hills, California that was purchased when she turned 21 for $3.5 million. Additionally, she has a condo she bought in 2009 for $2 that is in Nashville, which is where she considers home.

She is also looking to purchase a vacation home in London. As someone who earned about $55 million last year alone, she has plenty to splurge in her young age.

While these large home purchases may seem like she is going a bit overboard, real estate is also a considerable investment. Swift has already profited by flipping a previously home she purchased, so there is no telling what she will do in the future with homes she is purchasing now. Plus, now she has private sanctuaries to call home no matter where in the country she is.