Alex Rodriguez is not just lowering the price of his Park Avenue apartment – he’s also offering it for rent.
The Yankee is now asking $12.5 million for the fourth-floor, four-bedroom, 4,600-square-foot pad at Trump Park Avenue, after listing it earlier this month for $14 million.
“It’s a price readjustment we believe is more favorable with the current market,” says A-Rod‘s broker, Adam Modlin of the Modlin Group, who adds that his client is also willing to become a landlord to someone who wants to rent the place unfurnished for $50,000 a month.
Modlin says any buyer could purchase the furnishings, but he wouldn’t specify a price.
We were given a private tour of the condo at 502 Park Ave. yesterday and found that the posted online pictures hardly did it justice (the seemingly blood-red powder room in one photo, for example, is actually a toned-down burgundy). The surprisingly elegant eight-room digs, flush with mahogany, herringbone floors, marble bathrooms, an unusual great room/chef’s kitchen combination and a dark-paneled library, looks more like the home of a buttoned-down business executive than an athlete.
There is for now, though, a Lucite-encased home plate from Yankee Stadium that was presented to Rodriguez after hitting his 500th home run in 2007, and an artfully designed “13” in the hallway. Lining one wall are photos of him posing with luminaries such as Pat Riley and Warren Buffett, but no female pop stars.
Where will A-Rod go next? Modlin says reports that Rodriguez is buying a place at 15 Central Park West are false – although he was looking there – and that he plans to be a renter for the foreseeable future.
Mag bags Sag
Sagaponack’s median worth is getting dissed by Forbes. The Hamptons hamlet, which the capitalist tool magazine rated as the most expensive ZIP code in the country a few years ago, has somehow been dropped from the top-40 list ever since.
According to George Simpson, the head of Suffolk Research Service, Sagaponack’s 11962 ZIP code, at $6.7 million, has the most expensive median home price in the US. That number was almost $3 million higher than Miami Beach, which Forbes rated first, at $3.8 million.
“They cheated us out of first place two years in a row,” laughs Simpson. “But we have retained our position as the most decadent place in the USA.”
Simpson adds that East Hampton Village would’ve been at the top of the list if it had its own ZIP code, while Southampton Village would have ranked in the top 20.
Simpson concedes that his numbers “are a little different, because the numbers we used to compare with Forbes data was July 2007 through June 2008, rather than the calendar year.”
Forbes could not be reached for comment by press time.
The town of Alpine, NJ, ranked second, at $3.59 million, on the Forbes list. Mill Neck on Long Island came in third, at $3 million.
Gimme shelter redux
Model and rock royal Elizabeth Jagger has moved out of her Greenwich Village apartment. She’s left and found something else in the neighborhood after the owner of the five-unit townhouse decided to put it on the market.
The five-story 1853 Anglo-Italianate townhouse is now available for $7.95 million. According to the Corcoran Group listing, the property retains much of its original prewar details and has a deep garden.
“We’re looking for a single-family buyer who can return it to its former elegant glory,” says broker Tatiana Cames.
Jagger first rented the one-bedroom floor-through unit on the parlor floor in 2004 when she was dating fellow rock royal Sean Lennon, who had recently bought a townhouse in the area for just under $6 million.