« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Rachel Uchitel

Turns BIG Profit In

NY Real Estate Deal

8/9/2011 11:12 AM PDT BY TMZ STAFF

Rachel Uchitel Real Estate
Rachel Uchitel
is making up some MAJOR ground on the millions she gave back to Tiger Woods -- TMZ has learned she just raked in a $330,000 profit after flipping her NYC apartment.

Uchitel bought the swanky 3-bedroom Park Avenue pad last year for $1.62 mil -- renovated the place -- and put it up for sale because she had a gut feeling the time was right. 

Turns out Rachel has one helluva gut -- because she just closed a deal to sell the place for $1.95 mil ... not bad considering the real estate market isn't exactly booming at the moment.

We're told Rachel is pretty fired up about the deal -- and plans to reinvest in more real estate in the hopes of hitting the jackpot all over again.




0222_celebrity_homes_houses_footer


For more sports stories, check out tmzsports.com!
73 COMMENTS

No Avatar
1.

ra    

But how much did she put into renovating? A couple hundred thousand doesn't get you much for reno's these days, so she might have just broke even.

983 days ago
2.

JB    

How much did she invest in the renovation? Probably not as great a deal as you guys are suggesting when you dont take into account her investment into the upgrades.

983 days ago
3.

aquanet    

For what she spends in overdone lip gloss, she's gonna need the money.

983 days ago
4.

some guy    

I think Rachel should build a studio to build a sex tape.

983 days ago
5.

Her Imperial and Royal Majesty    

You go girl. The best revenge is a life well lived.

983 days ago
6.

Jennyy    

Too bad she earned her investment money on her back and her knees. Her family must be so proud of her.

983 days ago
7.

maria    

Who cares....another celebrity? just because she slept with married men that's is Hollywood ! Like Kim Kardashian? or Pari******on? just make a sex tape and you became FAMOUS!

983 days ago
8.

Jennyy    

Her Imperial and Royal Majesty: about a minute ago

You go girl. The best revenge is a life well lived.

------------------------------------------------------------

Revenge for what ???????????? The only victims in the whole fiasco is Elin and two adorable children. Rachel and the other whores are perpetrators not victims. The 10 mil was hush money so she wouldn't give out details. Despite returning the money I believe she is likely still bound by the original agreement.

983 days ago
9.

jen    

just shows you that even PIGS live in high rises...

983 days ago
10.

vain LA boy    

WTF? 3 mill. would be a huge profit, NOT 330k! Ugh, TMZ.

983 days ago
11.

TJ    

Yeah, I guess you guys have no idea how real estate works. You need to take into account the renovation costs. Her profit is probably a let less than what you're saying. Just sayin'...

983 days ago
12.

Abe    

A profit of $330,000 is not HUGE, Harvey. It's modest.

x

983 days ago
13.

DavidL    

SMH TMZ staffers must live in mom's basement still. Ever heard of closing costs? Those come out of the final sales price. THey range from 5-8% depending on the taxes in your state and the arrangement on broker's commission. Plus whatever her renovation costs were. Looks like she lost money on this deal. Good picture of Rachel though. good job TMZ

983 days ago
14.

sparced    

so you're saying she didn't profit anything as renovation costs were probably a couple hundred thousand. Usually the realtor gets a cut of the sale price too.

My guess is she profited very little to nothing.

983 days ago
15.

Ace    

Watch out trump, it could be Uchitel Tower soon.

983 days ago
| 1 | 2 | 3 | 4 | 5 | Most Recent | Next 15 Comments

Around The Web