Alicia Keys and Swizz Beatz lose more than $6M on NJ mansion sale

What successful! Grammy Award winners Alicia Keys and her producer husband Kasseem “Swizz Beatz” Dean have lastly bought their 5-acre New Jersey property — at an enormous loss.

The music energy couple purchased the property from Eddie Murphy in two separate transactions for a $12.1 million sum almost a decade in the past.

They first advertise for $14.9 million in 2015, however slashed the value to $9.9 million final August. It was nonetheless asking that value when it went into contract in February.  

Now, Gimme can solely reveal the closing value: The unfold went for simply $6 million. 

“It’s an insane value. I can’t imagine it went that low,” stated an insider accustomed to the deal.

Keys, Dean and their two children — Egypt and Genesis — spend most of their time on the West Coast as of late. In 2019, they purchased a contemporary cliffside mansion often called Razor Home for $20.8 million in La Jolla, California.

The house, crafted by architectural designer Wallace E. Cunningham, is alleged to be the inspiration for Iron Man Tony Stark’s fictional cliffside property within the MCU. 

It’s a very completely different look from the Colonial-style New Jersey mansion, which that they had spent thousands and thousands renovating — together with the addition of a gallery for his or her huge artwork assortment, which famously consists of Jean-Michel Basquiat, Andy Warhol, Kaws and Maya Hayuk. 

The 25,000-square-foot property at 191 Brayton St. comes with six bedrooms, an indoor pool, a two-lane bowling alley, a movie show, two elevators — and a state-of-the-art recording studio. 

Keys and Dean had first plunked down $10.42 million on the 32-room mansion in 2013. A yr later, they purchased an adjoining empty lot from Murphy for $1.7 million at 286 Johnson Ave.

The itemizing dealer was Christopher Boel of Christie’s Worldwide Actual Property. 

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