(John Legend and Chrissy Teigen are selling their one-bedroom apartment in the Brewster Carriage House at 374 Broome St. for $4.5 million.)
New York has more celebrity-owned real estate than any other city in the United States, with Los Angeles trailing closely behind, real estate experts told us.
But instead of contributing to the city’s expensive market, our sources said that New Yorkers generally aren’t willing to pay more just because digs were owned by a star.
“The star watchers reading their People magazine, they’re not in [the real estate] market,” noted Jonathan Miller, president and CEO of the real estate appraisal and consulting firm Miller Samuel.
Even an apartment formerly owned by someone like Babe Ruth doesn’t increase a premium, Miller said.
“If there’s a story … it’s unique and people want a little piece of history, but there’s no evidence that it translates into actual dollars,” he said.
Some celebrity pads have a price tag as big as $14 million while other big-name stars add landlord to their resume and charge monthly rents in the five figures.