Remember that Connecticut mansion rapper and entrepreneur 50 Cent has been trying to unload for more than a decade? Well, the formerly bankrupt star recently scored an offer for the opulent residence from “Million Dollar Listing New York” real estate agent Fredrik Eklund. The offer was televised on the Bravo reality show on Monday.
There’s just one catch.
The all-cash offer, for $4.2 million, is way below the $18.5 million Fiddy had originally asked for the over-the-top 19-bedroom mansion with 19 baths and 16 half-baths when he put it on the market in 2007. He repeatedly slashed the price on the 51,657-square-foot residence in Farmington—all the way down to $4,995,000. So how low will Fiddy, whose birth name is Curtis Jackson, go?
50 Cent bought the mansion for $4.1 million in 2003, the same year his megahit “In Da Club” dropped. He reportedly sunk between $6 million and $10 million into renovations on the home, which sits on 17.6 acres. It was previously owned by boxer Mike Tyson.
Unsurprisingly, the rapper didn’t seem pleased when Eklund presented him with the lowball offer.
“There’s hardly any inspections,” Eklund said on Monday’s show. The buyers “want it, they’re ready, they’re obsessed. … Is that a yes?”
“Yeah, I’m not going to sell the property. If I needed money, I’d be willing to take the $4.2 million,” says 50 Cent. “But it’s been a long time, so I’m already over the property.”
Instead he plans to donate it to the G-Unity Foundation. It’s an after-school program for C-grade students that he started in 2004.
“It would be interesting to have programs where we could escape the cities and kids from the inner cities to go out and just be creative, to kind of home in, you know, on the arts and stuff like that,” 50 Cent says in the episode. “They’ll be able to use the recording studio and the fitness areas, the pools and everything. It’ll be a cool summer camp house.”
The post Will 50 Cent Accept $4.2M for His Mansion? He May Have Other Plans appeared first on Real Estate News & Insights | realtor.com®.DISCLAIMER: Many of the pages and articles on this website contain information and excerpts provided by third-parties from around the web; as such, the operators of this website assume no liability or responsibility for any of the contents contained herein, or the contents of websites that we may link to. Furthermore, all copyrights belong to their original creator(s). Use of any portion of this website constitutes full acceptance of this disclaimer.