Word on the streets of Manhattan is that former President Barack Obama and Michelle Obama might be living in New York–at least part-time. Page Six reported that the happy couple is considering buying an apartment near Gracie Mansion, the governor’s residence. According to inside sources, a duplex apartment at 10 Gracie Square that has five bedrooms and four baths just went under contract for $10 million and could soon belong to the family.
The exclusive, full-service residence was built in 1930 and boasts just 43 apartments on 13 floors. The active couple would enjoy the fitness center, basketball courts, a full-time doorman, private entrances and parking, top-notch security, a garden, and extra storage. It is pet-friendly which would be perfect for the dog-lovers.
Purchasing an apartment in the building will cost a pretty penny as they range from $3.5 million up to as high as $23 million or more for the penthouse. In addition to the final price of the apartment, residents pay thousands of dollars in monthly maintenance costs which include the full-service amenities and maintenance of the common areas. Many units boast spectacular views of the city while others overlook the East River.
City Realty touts 10 Gracie Square as “the most desirable residential building overlooking Carl Schurz Park.” It’s no surprise that the Obamas might consider a home there. Notables like fashionista and socialite Gloria Vanderbilt was once a resident.
Considering that the Obamas have lucrative book deals and now command high appearance fees, to the tune of $400,000 for Barack alone, they can certainly afford to make the investment. In a very short time, the Obamas will also be empty nesters and may be planning ahead for life after full-time everyday parenthood.While in the White House, Michelle often boasted about being the Mom-In-Chief, but she is slowly but surely transitioning.
If the Obamas are indeed taking an apartment in 10 Gracie Square, we likely won’t know about it until they want us to know. Page Six contacted a spokeswoman for the family who offered no comment. Mum’s the word.