Moving On Up? The Obamas Might Be Buying An Apartment On Manhattan’s East Side

Posted On : October 2, 2017

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.

Gracie Square, NYC. #graciesquare #uppereastside #newyorkbrian

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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.

Spent the morning working in the neighborhood park. #ettannatnewyork #newyork #uppereastside #carlschurzpark

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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.

55 years young and that smile still gets me every single day. Happy birthday, Barack. I love you. -mo

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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.

Remember…Love has the power to heal or kill… Always proceed with caution!