Jennifer Lawrence’s decisions to buy and sell an Upper East Side apartment cost her more money than many people make in a lifetime.
After Jennifer Lawrence first rose to fame, there was a time in which it seemed like everything she touched turned to gold. Between starring in two massive franchises, X-Men and The Hunger Games, and winning many awards, Lawrence’s career was on fire. At that time, it almost seemed like Lawrence could do no wrong.
While there is no doubt that Lawrence still is very successful, it sometimes seems like the tide has turned since a lot has been going wrong for her. On top of Lawrence regretting starring in Passengers and one of her roles bothering her so much that she underwent therapy, Lawrence also lost almost $6 million in real estate deals.
How Did Jennifer Lawrence Lose Millions In Real Estate?
In the world, there are very few places where real estate is more expensive than in New York City’s Upper East Side. Thanks to the fact that Jennifer Lawrence has made a fortune due to her career as a movie star, she was able to buy an apartment in a building from that area called The Laurel.
According to how The Laurel is described on cityrealty.com, it sounds like the building is pretty incredible to live in. It also is worth noting that the building has someone watching the door at all times which is something a star who values their privacy would want.
“The Laurel is a 31-story condominium tower at 400 East 67th Street on the Upper East Side. Designed to be energy efficient and environmentally sustainable, it is LEED-certified. It features residences that have solid oak wood flooring, large windows, ceilings between 9 and 12 feet and Bosch washers and dryers. Units range from studios to four bedrooms.The description continues, “The pet-friendly Laurel’s amenities include the Trophy Club, a bi-level fitness and triathlon training center, and the Laurel Club, a two-story space equipped with a screening room, a dining room, a catering kitchen and a game room. Concierge service, a full-time doorman and parking are also offered. St. Catherine’s Park is nearby, as are a number of restaurants.”
According to People’s description of the specific apartment Lawrence bought, it sounds like a luxurious space for anyone to live in.
“The more-than-4,000-square-foot pad features three bedrooms, four and a half baths and a gas fireplace. The interior includes a chef’s kitchen (with a wine fridge), floor-to-ceiling windows and access to a private terrace that offers sweeping views of the city.”
People continues, “Bedrooms are separated from the front rooms by a long hallway. The cozy main suite comes with a soaking tub, a spacious dressing room and a marble double sink. Split-level outdoor terraces wrap the apartment and offer plenty of space to entertain Lawrence’s famous pals. There’s also an outdoor kitchen, fireplace, pergola and a built-in ping pong table.”
Since Lawrence’s apartment sounds so impressive, it likely won’t surprise anyone that she paid millions for it. Still, a lot of people wouldn’t expect that in 2016 the famous actor paid $15.6 million for her apartment in The Laurel.
In July 2019, Lawrence decided that she wanted to sell her apartment, so she put it on the market for the first time. Even at that point, Lawrence was prepared to take a small loss as she was asking for $15.45 million.
Unfortunately for Lawrence, the real estate market can raise and fall in short order and by then it was clear nobody would pay that price. By January 2020, Lawrence had clearly come to terms with that as she lowered her price for the apartment to $12 million.
At that point, Lawrence was offering her apartment at a loss of more than 3.5 million, so she must have thought it wouldn’t take long to sell. Amazingly enough, however, Lawrence would wind up taking a much larger loss than that.