While best known for her award-winning films Meg Ryan is certainly an up-and-coming property developer by all accounts. It is believed that her monochromatic Soho apartment in New York City is up for sale for a staggering $10.9 million. This is just the latest in a long line of properties which the actress has redeveloped and sold on for some significant gains. So, what do you get from Meg Ryan and a $10.9 million investment?
Faultless interior design
Described as a property with “beautiful patterned tile floors, original columns and a master suite with eight closets” this gives you a feel for this property. Situated in the Soho district of New York City it is showbiz to the extreme but done in a classy and elegant manner. The property is believed to have been acquired back in 2014 from “The Simpsons” actor Hank Azaria in what could turn out to be a very lucrative move. The originally $8 million asking price equates to a gross profit of $2.9 million although there will have been some interior design costs as the property was “gutted”.
However, nowhere near $2.9 million worth of work went into this property so we can assume that the award-winning actress is banking a significant profit.
Dimensions of the property
The property itself is 4100 ft.² and is said to be extremely airy with 13 oversized windows and a 40 foot gallery together with an array of original architectural columns. The ability to maintain the look and feel of an 1888 property while incorporating some of the latest technology in the shape of a media room is not easy to do. However, there is no doubt that Meg Ryan is becoming something of a seasoned property investor as this is rumoured to be her ninth such project.
The theme of the property is very much light and dark with some suggesting there are Scandinavian style elements. This type of interior design gives a very clinical finish and all of the rooms, while different in look, are similar in style. The bathroom is a pleasure to behold with an old style raised bath complemented by simplistic washbasins and enough space to hold a party!
No expense spared
Architect Joel Barkley and designer Monica Gibson were given the task of developing Meg Ryan’s Soho development and you have to say they have made an extremely good job of this. No expense has been spared on the look and theme right across the property with each room different yet following the same theme. The airy look of the property makes it look and feel larger than it probably is even though 4100 ft.² is still some size.
It will be interesting to see whether the $10.9 million asking price is obtained because this would surely bank a significant profit for the actress turned property developer. The very fact this is Meg Ryan’s ninth development shows that she has an eye for property development, something she is likely to continue for some time to come. It is a gift to find a property which you can potentially change into something completely different while adding value at the same time.
Meg Ryan certainly has that gift…..