Sometimes, you just have to cut your losses — even if that’s $2 million in losses.
The NYC townhouse Mary-Kate Olsen lost in her divorce with ex-husband Olivier Sarkozy has hit the market asking $11.5 million, according to Realtor.com.
The asking price for the “architect ready” (meaning unfinished) home in Turtle Hill is $2 million less than Sarkozy paid in 2014, the listing shows.
The former couple recently finalized their divorce after five years of marriage.
They bought the 8,700-square-foot Regency-style house for $13.5 million in 2014 and launched renovations with Montalba Architects, records show.
They rented townhouses nearby during construction, The Post reported at the time. But their plans never came to fruition, and they never even moved into the house.
The five-story Manhattan mansion is now unfinished and empty, though its fireplaces and 22-foot coffered ceiling remain. Photos show rooms with dark wood finishes that sharply contrast ghostly-white modern rooms with skylights and arched windows.
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The house was designed in 1921 as part of an enclave of artists by architects Edward Dean & William Bottomley and commissioned by a banking and railroad heiress, according to the listing. The townhouses face each other to create a shared “fairy tale” garden, according to the listing.
Former residents of the 1921 townhouse included a banking and railroad heiress, actress Katherine Hepburn, composer Stephen Sondheim, journalist Dorothy Thompson and book editor Maxwell Perkins, who worked with F. Scott Fitzgerald and Ernest Hemingway, according to the New York Times, which first reported the listing.
Sarkozy, who is the legal owner of the house, is a 52-year-old French banker, the half-brother of former French president Nicolas Sarkozy.
Olsen, 35, is best known as a child actress with her twin Ashley Olsen, starring in titles like “Full House” and “New York Minute,” but more recently, is a fashion designer and producer.
Michael Bolla of Sotheby’s International Realty, East Side Manhattan Brokerage, has the listing.
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