N.Y. vs. L.A. Home Prices: What $4 Million Gets You in Each City
In New York, Michael C. Hall got 1,500 square feet with two bedrooms and pool access; in L.A. Tony Shalhoub’s house sits on 15,000 square feet, with nine rooms, a pool and guest house.
A version of this story first appeared in the April 22 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.
Dexter's Michael C. Hall traded in his 5,617-qquare-foot Los Feliz Spanish Colonial (which he sold for $4.85 million in March) for a $4.2 million, 1,586-square-foot condo (above) in the newly built Greenwich Lane in the West Village. The move (and loss of 4,000 square feet) followed Hall's "hypnotic" turn onstage at New York Theatre Workshop, according to a THR review, in the David Bowie musical Lazarus. Hall's two-bedroom, two-bath came with a chef's kitchen, beamed ceilings, hardwood floors, a Thomas O'Brien of Aero Studios design pedigree and access to the building's indoor pool. Regardless of its charms, Hall already is renting out the space for $15,000 a month. Notes Corcoran's Susanne Columbia, who has worked with many Angelenos who have uprooted to New York: "Generally, buyers have to adjust to the price, size of the property — there's always some piece of big furniture to disassemble or part with — as well as the board process."
For sale: Tony Shalhoub and his wife Brooke Adams' 4,400-square-foot, foursquare 1920 Mediterranean house on a 15,000-plus-square-foot lot in Hancock Park's family-oriented Windsor Square. The couple purchased the four-bedroom home with two terraces and guest house in 1994, and have raised two daughters, now 20-somethings, and thrown parties "every holiday and every weekend in the summer," says listing agent Boni Bryant of Sotheby's International. Coved ceilings hover above a grand living room that opens to a conservatory and out into the yard to the pool. "Prices have increased since last year. The inventory in every neighborhood is way down," says Bryant. "We're getting a 10-car pileup of people who want to buy. What you get for the money in Los Angeles is better than comparable price points in New York." Since The Hollywood Reporter's story, Sotheby's International lowered the asking price for Shalhoub's estate from $3.98 million to $3.69 million.