Many admire Jay-Z and Beyoncé’s big pimpin’ from afar, only dreaming of mingling with the celebrity duo whose estimated net worth ranges between $3.3 billion and $4 billion, according to Cosmopolitan.
However, that could all change if you really have that empire state of mind.
Not Just Another Apartment Building
A recent listing posted by real estate agent Leonard Steinberg from Compass Real Estate states that for just $6.75 million, you could find yourself rubbing shoulders with the iconic power couple of hip-hop. The 3,202-square-foot luxury loft, located in Manhattan at 195 Hudson Street in the same Tribeca building that the “On the Run” couple has a penthouse in, has just hit market on May 3.
The loft, according to the real estate agent, has “private deeded parking,” which is crucial considering how challenging it is to get parking in the area.
It also boasts soaring 12-foot ceilings, eight-foot-tall casement windows, and exposed concrete columns, offering unparalleled potential. Its large private terrace promises a unique living experience.
Flooded with sunlight, the north and east-facing corner loft features oversized windows and a grand living and dining room ideal for entertaining. Currently configured as two bedrooms, the realtor says the apartment can easily be transformed into a three- or four-bedroom haven.
Additional features include a decorative fireplace, in-unit washer/dryer, central air conditioning, and a smart home system.
The Carters have lived in this residence, originally built in 1924 as the United States Rubber Company, for two decades. Notably, they even got married in 2008 atop the landscaped roof, now resembling the Hamptons hedges that are located on the tip of Long Island.
The previous owner acquired the sixth-floor apartment on Nov. 19, 2013, for $6.25 million. Despite notable celebrity neighbors like Justin and Hailey Bieber and Bethenny Frankel, the property’s resale only yielded a $500,000 profit.
It is possible that the new owners might bump into Jigga and Queen Bey, as the loft is one floor under the home the couple shares with their three children, Blue Ivy, 12; and twins Sir and Rumi, 7.
The “Can’t Knock the Hustle” rapper settled into the building in 2004, purchasing his 8,300-square-foot penthouse for $6.85 million, as reported by Business Insider in 2012.
Jay-Z’s journey to this world of champagne and bankrolls has taken him far from where he began. He grew up in the cold and dangerous Marcy public housing complex, a stark contrast to his current lifestyle.
The Marcy Houses, consisting of 27 six-story buildings, opened in 1949. Today the complex is home to approximately 4,286 people residing in about 1,700 small apartments, according to Complex. For years, the apartments in Marcy have suffered from neglect by the city, leading to dilapidation, rundown conditions, and crime.
Hov has spoken about his old stomping grounds a lot.
“F— waiting for the city to pass out summer jobs. I wasn’t even a teenager yet and suddenly everyone I knew had pocket money,” Jay-Z, the first rapper to receive the Songwriter of Fame, reflected on how the kids turned to drug dealers because jobs were so scarce in his 2010 memoir “Decoded.” “Guys my age, fed up with watching their moms struggle on a single income, were paying utility bills from hustling.”
On his song, “Where I’m From Lyrics,” he rapped a similar tale, “I’m up the block, around the corner and down the street/ From where the pimps, prostitutes and the drug lords meet.”
“We make a million off of beats, ‘cause our stories is deep/ And f— tomorrow, as long as the night before was sweet,” the lyrics continue.
Where Jay-Z Used to Live
Attention is soon coming toward the Marcy Houses and Tompkins Houses in Bedford-Stuyvesant, Brooklyn, to upgrade on of the quality of living issues, an announcement from House Democratic Minority Leader Hakeem Jeffries has revealed.
The Brooklyn native and highest-ranking Democrat in the House of Representatives disclosed that he is securing $1.85 million for fire alarm upgrades at these NYCHA developments through government funding legislation.
As per the press release from his office, the federal funds will facilitate the enhancement of fire detection system components at both Marcy Houses and Tompkins Houses. Specifically, the Marcy Houses fire alarm upgrade project has been allocated $1,000,000, while Tompkins Houses will benefit from $850,000.
NYCHA stands as the largest public housing authority in the United States, with approximately 1 in 17 New Yorkers being a NYCHA resident. His new address in Tribeca, is a far cry from building 524 that he was raised in back in The Stuy.
