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Star Jones

My Gross Apartment

... Is a GOLD MINE!!

5/5/2012 12:50 AM PDT BY TMZ STAFF
EXCLUSIVE

0504_star_jones_penthouse_sold_launch_v2

Star Jones
just raked in a $500k profit by selling her NYC penthouse ... the same penthouse she once described as a moldy, leaky, dangerous disaster area.

Jones bought the 3-bedroom, three-story, 1,936-square-foot pad back in 2001 for $980,000 ... back when she was still cashing checks from "The View."

But after 11 years, one divorce, a lap-band surgery and a feud with Barbara Walters ... Jones managed to sell the swanky digs for a colossal $1.55 million ... which for all you math nerds, is a cool $570k in profit.

Now, here's the rub -- Jones HATED the place ... and even sued the building for $700,000 back in 2008 ... claiming the place had water problems that led to mold that led to a disgruntled TV star.

Jones eventually settled the lawsuit with the building ... and we're guessing the water problem was eventually taken care of.

But apparently, the buyer didn't care about the disgusting history ... and will now enjoy the rooftop terrace, sweeping city views, 2 fireplaces, gold tiled master bathroom, steam shower, and a second "party" kitchen devoted solely to soirees for all its yuppie, economy-proof, guests.

So, we gotta ask ...

16 COMMENTS

No Avatar

1.

TNJ    

She probably made close to a million on that place. She settled the $700.000 lawsuit and made $540.000 on the sale. Not bad for a place she hated.

811 days ago
2.

Truth    

MEHHH... THE FAT BITCH STILL HAS TO PAY CAPITAL GAINS TAX. NEXT!! #TRUTH!!

811 days ago
3.

Truth    

THAT DIVE IS OVERRATED. ANY OTHER CITY YOU'RE TALKING QUARTER THE PRICE OR LESS. #TRUTH!!

811 days ago
4.

Stiletto    

Star Jones wandering about the sundeck of a highrise penthouse? Didn't they make a movie about that (and several remakes) featuring a blonde "damsel in distress" and buzzing planes...which ended badly for the "big" star of the film?

811 days ago
5.

northern gypsy    

i was half paying attention when S.J. was being interviewed...what i did notice was her toned down attitude...for a intelligent woman she sure has made some stupid life choices !!! perhaps this sale will give her some breathing space and time to regroup...

811 days ago
6.

Observer999    

That's pretty cheap in NYC for the description given. There must be SOMETHING wrong.

811 days ago
7.

TJ Jones    

How would one go about suing a building?

811 days ago
8.

Kari    

I love New York City, but couldn't/wouldn't live there for anything. How can people stand it? In the rest of the country, that would cost about 1/4 that much, you would have a huge yard, patios, decks, sidewalks for walking, playgrounds for children, good schools, peace and quiet if you choose, you can just let your dog out the door, no elevators, you can have your own car and drive it to the store in a matter of minutes, not waiting for a taxi, and then spending a fortune on them. No thanks...wouldn't live there for anything.

811 days ago
9.

Christina    

Sounds like Star is downsizing.

811 days ago
10.

KicksandGiggles    

Of course Starr's big azz would have 2 kitchens!!

811 days ago
11.

leeds_utd    

Was her house used for " How to make it in america " season 2 finale? Looks like it!!

811 days ago
12.

DaveT    

All these rich women walking around, I should find me a sugar-momma, I can give her some lovin' and she can buy me ATVs and jet skis.

810 days ago
13.

Carl    

For all us math nerds that are smarter than the TMZ monkeys, she couldn't have made that much profit. If it was in such bad shape she would have needed to put a bunch of money into renovating it. Then about 100k of the sales price will go straight to the real estate agent as a commission. She will also have to pay capitol gains taxes on the profit as well. Unless she paid cash for it to begin with she has also been paying interest on her mortgage (and the way mortgages are written almost all the money you pay in the first 10 years or so is going towards interest not principal). She probably made some money on the deal, but not a ton. Certainly less than if she had invested the money.

810 days ago
14.

Keith    

Those figures must be wrong. There is no way you can buy a 2000 sq/ft apartment with large terrace for just $1.5 Million in Manhattan. Impossible!

810 days ago

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