The second wife of the late Luciano Pavarotti, one of the famed Three Tenors, is losing money left and right in the New York City real estate market. The opera singer owned three co-op apartments on the 23rd floor of the Hampshire House at 150 Central Park South, and widow Nicoletta Mantovani is having a tough time unloading two of the one-bedroom units, according to the Journal. She originally listed one for $1.75 million, but that's been reduced to $1.15 million, which is the same price she listed the second unit for. Both units are still for sale, despite the operatic appeal.
Mantovani had no better luck selling a couple of apartments that she bought as investments in 2008. She recently sold a one-bedroom at 220 West End Avenue for $925,000, which is $68,000 less than she paid for it, and she took a $144,000 hit on the sale of a studio at 88 Greenwich Street. She bought the unit for $606,000 and only fetched $461,500 in the sale. Better luck next time!
· Widow of Pavarotti Hits Some Low Notes [WSJ]
· Hampshire House at 150 Central Park South [Curbed]
· Hampshire House [Streeteasy]