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Sells Crazy Small Apt. for

Crazy Big Profit

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

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.


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Looks like he's made extra space with multiple lofts. Still way out of my price range.

137 days ago


Come to phx. U can rent the same apt for like 700 a month. And its better weather here without all them traffic. Eek... never mind. We don't want more people here

137 days ago


Just look here for the snaps, it's actually quite nice, very nice terrace, he could for sure see the planes hit the towers from that terrace

137 days ago


Can't see the pics but it looks like a cute space. Although for the life of me I can't see why anyone would want to live in claustrophobic , expensive, overrated and densely populated NYC. The weather isn't even nice. There must be something magical and sexy about being packed like roaches into a city.

137 days ago


He showcased this on MTV 20 years ago.

137 days ago



137 days ago


That is Real Estate for you. Graduate high school, go to a real estate firm, get your license and become a high paying spokesman at the touch of your feet. Real estate agents make over $100,000 a year and that's starting salary. Imagine kids of all youths, six million dollars or more in your checking account, not including cash on hand and other accounts. Mmm, sounds like the American dream after all we all need a house to live in, supply on demand.

136 days ago
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