Alicia Keys and Swizz Beatz lose $6M on NJ mansion sale

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What profitable! Grammy Award winners Alicia Keys and her producer husband Kasseem “Swizz Beatz” Dean have lastly provided their 5-acre New Jersey property — at an infinite loss.

The music power couple purchased the property from Eddie Murphy in two separate transactions for a $12.1 million sum virtually a decade prior to now.

They first promote for $14.9 million in 2015, nonetheless slashed the worth to $9.9 million closing August. It was nonetheless asking that worth when it went into contract in February.  

Now, Gimme can solely reveal the closing worth: The unfold went for merely $6 million. 

“It’s an insane worth. I can’t think about it went that low,” said an insider conversant within the deal.

Keys, Dean and their two kids — Egypt and Genesis — spend most of their time on the West Coast immediately. In 2019, they bought a recent cliffside mansion typically often known as Razor Residence for $20.8 million in La Jolla, California.

The home, crafted by architectural designer Wallace E. Cunningham, is alleged to be the inspiration for Iron Man Tony Stark’s fictional cliffside property inside the MCU. 

It’s a really utterly totally different look from the Colonial-style New Jersey mansion, which that that they had spent a whole lot of 1000’s renovating — along with the addition of a gallery for his or her giant art work assortment, which famously comprises Jean-Michel Basquiat, Andy Warhol, Kaws and Maya Hayuk. 

The 25,000-square-foot property at 191 Brayton St. comes with six bedrooms, an indoor pool, a two-lane bowling alley, a film present, two elevators — and a state-of-the-art recording studio. 

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Keys and Dean had first plunked down $10.42 million on the 32-room mansion in 2013. A yr later, they bought an adjoining empty lot from Murphy for $1.7 million at 286 Johnson Ave.

The itemizing vendor was Christopher Boel of Christie’s Worldwide Precise Property.