TMZ

Our TV Shows

Got a Tip?

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

Moby

Sells Crazy Small Apt. for

Crazy Big Profit

6/8/2014 12:15 AM PDT BY TMZ STAFF
EXCLUSIVE

0606_moby_nyc_manhattan_loft_launchDance music maven Moby has a hidden skill we never knew about -- he's a baller in the real estate game ... and has a huge stack of cash to prove it after unloading a tiny New York City apartment.

Moby purchased the 950 sq. ft. pad in the NoLita (North of Little Italy) neighborhood back in '96 for $215,750. The one-bedroom, one-bath unit also came with a private 870 sq. ft. outdoor garden terrace.

Nice little investment, right? Well, cut to 2014 -- the condo recently sold for a whopping $2,050,000 and according to the tax forms ... Moby's making just under $1.5 million, and that's AFTER taxes!!

Now, prepare to have your mind blown. At $2 mil ... Moby's place comes in at $1,098 per square foot ... which is actually a steal in Manhattan! The average is $1,398/sq. foot.

30 COMMENTS

No Avatar
1.

BLUE UGLY 💩    

NYC apartment prices are a huge ripoff, 2 million for a closet

46 days ago
2.

just because    

i used to like mtv cribs moby bedroom converted from a closted no windows no furniture except a place to put a glass of water

46 days ago
3.

Ibincono    

Fifth grade math tells you $2,050,000 for a 950 square foot unit translates to $2,158/foot. Even if you (incorrectly) divide the sales price by 1,800 square feet (adding 950 interior and 850 exterior) you get $1,139/foot. What am I missing here??

46 days ago
4.

pootydaone    

Why do ppl live in expensive, ugly NY?

46 days ago
5.

01void    

Truly unbelievable to pay 2+ mil for for that cracker box

46 days ago
6.

Dale    

Man, this site is nothing but spammers. Guess every click counts, right TMZ?

46 days ago
7.

J5236    

maybe the terrace looks better

46 days ago
8.

john wayne gacy    

sounds like it's so small / you need to

go outside / just to change your mind ~

46 days ago
9.

englishpetal    

For the i side alone yes It is quite dear but considering it comes with all that outdoor space dare I say it its not too unreasonable! Outdoor space is like gold dust in ny!!

46 days ago
10.

Perky    

That apartment would suit an Indian family of 12 with 2 sets of live-in grandparents just fine, with the smell of curry wafting through the building 24-7, no?

46 days ago
11.

porkchop    

Wish the link worked..

46 days ago
12.

Nikkie    

Unable to see any of the photos on the app or the website.

46 days ago
13.

Masoncakes    

Is this the same apartment where he saw the planes hit during 911?

46 days ago
14.

IceGypsy    

getting 404 error on the link to photos so can only judge it by what I'm seeing in the main. Light and airy with a big skylight and a garden. It's a nice looking place but think people are just crazy to spend that kind of money on an apt so small just to live in the city.

46 days ago
15.

EastCoastChopper    

Nothing CRAZY small about 920 sq ft plus the same in terrace... This is Manhattan NOT Calabassas !

46 days ago
| 1 | 2 | Most Recent | Next 15 Comments

Around The Web