Bethenny Frankel sold her remodeled SoHo loft for its asking price of just under $7 million in a deal reported in September 2022. She bought the Manhattan property for $4.2 million in 2017.
Key Takeaways
- The full-floor loft measures 4,000 square feet and has four bedrooms and three bathrooms.
- The nearly $2.8 million difference between the purchase and sale prices does not establish Frankel’s profit.
SoHo loft renovation and sale
Frankel, a former cast member of The Real Housewives of New York City, occupied the loft for a few years before putting it on the market in late 2021. The property sold for the price sought in the listing.
The renovation included painting and the installation of chandeliers and two fireplaces. Original features, including exposed pipes and columns, were retained.
Why the price difference is not profit
The sale price was almost $2.8 million higher than the 2017 purchase price. That gap is a comparison of the two prices, not a measure of the return on the property.
Renovation spending, financing, broker commissions, taxes and other ownership costs would need to be considered to determine the financial result. The sale price alone does not show how much Frankel earned from the transaction.
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