Singer Mary J. Blige was inducted into the Rock and Roll Hall of Fame last year. She’s won nine Grammy awards, been nominated for Oscars and sold over 100 million records.
Yet real estate deals have not been kind to her.
In 2008, she purchased a 13,000-square-foot mansion in Saddle River. She spent a decade on and off trying to sell it and it finally sold in 2020 for $5.5 million, an almost $7 million loss.
Then there’s this one.She still owns a home in Cresskill. It’s another mansion, with more than 7,000 square feet. The description sounds amazing: six bedrooms, eight full bathrooms, two half baths, three fireplaces. Guest quarters. Has its own gym.
But no one wants it.
It’s been for sale for two and a half years. No takers. Why? Well, tell me if you’d be suspicious about a property advertised where none of the photos show the inside of the home. Take a look (oh, you really need to take a look).
The craziest thing is it first went on the market in the summer of 2019 for an ask of $2.25 million. Then in mid 2021, with no takers, she raised the price to $2.75 million. Again no takers. By October the price was again increased to $3 million where it remains today.
Not sure she’s understanding the supply and demand concept.