August 28th 2023.
Kendrick Lamar, one of the most iconic hip-hop artists of our time, is reportedly making a big investment in the big apple. According to The New York Post, he is purchasing a penthouse in Pierhouse at Brooklyn Bridge Park. Analysis of the real estate market reveals that the asking price for the property was $8.99 million.
The penthouse is a three-level condo with four bedrooms, a den, and close to 2,000 square feet of outdoor space – a private rooftop overlooking the East River and Brooklyn Bridge Park. Residents of the building also have access to 1 Hotel Brooklyn Bridge’s outdoor spaces, such as the rooftop pool and bar. Notable celebrities, including Matt Damon and Amy Schumer, already own condos at the property, while British recording artist Ed Sheeran is currently renting a unit for a reported $36,000 a month.
Kendrick Lamar can certainly afford this purchase, as earlier this year it was reported that his 2022 tour, “The Big Steppers”, became the highest-grossing tour by a hip-hop recording artist, surpassing Canadian rapper Drake’s “Aubrey & the Three Migos” tour. The tour, produced by Live Nation, had 73 shows in the US, Canada, Europe, Australia, and New Zealand, selling 929,056 tickets and raking in a total revenue of $110,886,026.
Despite his new East Coast residence, Kendrick Lamar is still based in Cali with his fiancée Whitney Alford and their two young children. New York City may be a big draw for culture, but it’s clear that Lamar’s passion for music has been the key to his success, both in terms of his tours and real estate investments.
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