Bestselling musician Taylor Swift has made many headlines over the last several years with albums seeing record sales, singles topping the charts and a concert tour crashing websites due to ticket demand. Swift is making news once again, this time it's related to a home that inspired one of her hit songs - it's now up for grabs, whether for sale or rent.
What Happened: Taylor Swift is so popular that she crashed the Ticketmaster website in November 2022 as her fans, also known as Swifties, rushed to buy tickets for her first concert tour in five years.
After seeing huge demand for her songs, albums and tickets, one realtor could be testing the waters on the popularity of real estate connected to the singer.
23 Cornelia Street, a West Village, New York City property that Swift once rented, is up for sale and rent. The home, which served as the inspiration for the song “Cornelia Street,” is listed at $17.995 million. For those looking to rent the four-story home, a price of $45,000 per month is listed, or $50,000 a month furnished.
The home on Cornelia Street has four bedrooms, five and a half bathrooms and around 5,500 square feet of living space, according to the Wall Street Journal. Zillow lists a Zestimate of $17.67 million for the home, an estimate of the home’s value.
A former carriage home, the townhouse was once a two-story home that has been transformed over the years. Amenities include multiple fireplaces, including one that is outside, a library, a rooftop terrace, a garage and an indoor swimming pool.
Swift rented the townhouse in 2016 according to the report. Back then, the rental price was $39,500 per month.
Along with being the source of inspiration for the song “Cornelia Street,” the New York home is also referenced in the song “King of My Heart” with the line “up on the roof with a school girl crush.”
The Italian investor who owns the house - under a holding company - decided that now is the perfect time to sell. "The market is hot for townhouses," the investor's listing agent told the Wall Street Journal.
The investor purchased the house for $11.5 million in March 2019. The album “Lovers,” which contained “Cornelia Street” was released in August 2019.
The home was previously owned by David Aldea, a former Soho House executive, who rented the house to Swift. A report from Vulture in 2019 revealed that Aldea didn’t know much about Swift at the time.
“I’m afraid to tell you this, but I will tell you this: I really didn’t know her. I’m just not a pop-culture guy,” Aldea said previously.
Upon realizing who Swift was and her notoriety, he thought the discussion of her renting the home was a joke. Instead, Swift came to check out the home and fell in love.
“She walked in, and I’ll never forget this – she said, ‘Oooh, it’s so crafty.’ And in Taylor-speak that means ‘I like everything.’”
Aldea called the song “the most incredible sort of thank-you and nod that anyone could ever get.”
Swift has been purchasing real estate since 2009 and is said to have a portfolio of properties valued at $150 million.
Related Link: Taylor Swift Fan Shakes Off High Ticket Prices, Becomes A Security Guard And Goes Viral
Why It’s Important: Swift has praised the song “Cornelia Street” over the years. In an interview discussing the album “Lover,” her seventh studio album, Swift called the song the nearest to her heart from the album naming it as the song she loves, but noting it was "hard to pick a favorite," EW reported.
The house has seen strong interest from Swifties over the years, who often share their visits on social media.
Swift is known to write songs about people in her life, and “Cornelia Street” has been linked to rumors of being about her breakup with former boyfriend Joe Alwyn and also about her friendship ending with Karlie Kloss.
“And I hope I never lose you, hope it never ends. I’d never walk Cornelia Street again,” the lyrics of the song say. “And baby, I get mystified by how this city screams your name.”
Swift fans have come out in large numbers to see her on her “The Eras” tour. Benzinga previously reported that a father paid $21,000 to secure tickets from a secondary marketplace for his daughter and friends. The purchase came after the father did not receive the tickets he originally purchased on the secondary ticket exchange Stubhub prior to the concert.
Live Nation Entertainment LYV saw shares drop after experiencing outages and upset fans when the Swift concert tickets went on sale. The issues around the sale have prompted members of Congress and President Joe Biden to comment on the potential monopoly its Ticketmaster unit has and the large fees it takes in from fans.
Read Next: Spotify Shares Most Streamed Artists, Podcasts Of 2022
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
