Real Estate

Alicia Keys and Swizz Beatz lose $6M on NJ mansion sale

What successful! Grammy Award winners Alicia Keys and her producer husband Swizz Beatz Dean have lastly offered their 5-acre New Jersey property — at an enormous loss. 

The music energy couple purchased the property from Eddie Murphy in two separate transactions for a $12.1 million sum practically a decade in the past.

They first put it on the market for $14.9 million in 2015, however slashed the value to $9.9 million final August. It was nonetheless asking that value when it went into contract in February.  

Now, Gimme can completely reveal the closing value: The unfold went for simply $6 million. 

“It’s an insane price. I can’t believe it went that low,” mentioned an insider aware of the deal.

Keys, Dean and their two children — Egypt and Genesis — spend most of their time on the West Coast today. In 2019 they purchased a contemporary cliffside mansion often known as Razor House, for $20.8 million, in La Jolla, Calif.

The dwelling, crafted by architectural designer Wallace E. Cunningham, is claimed to be the inspiration for Iron Man, Tony Stark’s fictional cliffside property. 

It’s a totally completely different look from the Colonial-style New Jersey mansion, which they’d spent hundreds of thousands renovating — together with the addition of a gallery for his or her huge artwork assortment, which famously consists of Jean-Michel Basquiat, Andy Warhol, Kaws and Maya Hayuk. 

The 25,000-square-foot property at 191 Brayton St. comes with six bedrooms, an indoor pool, a 2-lane bowling alley, a movie show, two elevators — and a cutting-edge recording studio. 

Keys and Dean had first plunked down $10.42 million on the 32-room mansion in 2013. A year later, they purchased an adjoining empty lot from Murphy for $1.7 million at 286 Johnson Ave.

The itemizing dealer was Christopher Boel of Christie’s International Real Estate. 

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