From the NY Post:
What a hit! Grammy Award winners Alicia Keys and her producer husband Kasseem “Swizz Beatz” Dean have finally sold their 5-acre New Jersey estate — at a massive loss.
The music power couple bought the property from Eddie Murphy in two separate transactions for a $12.1 million sum nearly a decade ago.
They first put it on the market for $14.9 million in 2015, but slashed the price to $9.9 million last August. It was still asking that price when it went into contract in February.
Now, Gimme can exclusively reveal the closing price: The spread went for just $6 million.
“It’s an insane price. I can’t believe it went that low,” said an insider familiar with the deal.
The 25,000-square-foot property at 191 Brayton St. comes with six bedrooms, an indoor pool, a two-lane bowling alley, a movie theater, two elevators — and a state-of-the-art recording studio.
Keys and Dean had first plunked down $10.42 million on the 32-room mansion in 2013. A year later, they bought an adjacent empty lot from Murphy for $1.7 million at 286 Johnson Ave.