Hello, bad buy? Paul McCartney sells NYC penthouse for $7 million less than he bought it for in 2015

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Paul McCartney just announced a 2022 U.S. tour today, which should help him offset the big loss he recently took on the sale of a New York City penthouse he owned with his wife, Nancy Shevell.

The Wall Street Journal reports the the former Beatles star and his spouse sold their luxury apartment on Fifth Avenue overlooking the Big Apple’s Central Park for $8.5 million, which is $7 million less than they purchased the residence for in 2015.

According to the newspaper, the duplex apartment initially was listed at $12 million in June of 2021, then was reduced to $10.5 million in September.

McCartney and his wife bought the apartment, located at at 1045 Fifth Ave., for $15.5 million, which is about 40% less than they sold it for.

As reported by the Street Easy real-estate website in 2015, the co-op residence boasts wraparound balconies, a living room, library, master bedroom, and master sitting room that all face Central Park above the Jacqueline Onassis Reservoir, plus a formal dining room and “a double height gallery.” The duplex also boasts floor-to-ceiling windows that are 40 feet high.

The New York Post reports that the building was built in 1967 by late developer Manny Duell, who created the duplex for his wife. She lived there until her death in 2014.

McCartney’s upcoming trek, dubbed the Got Back Tour, is scheduled to run from an April 28 concert in Spokane, Washington, through a June 16 show in East Rutherford, New Jersey.

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