- Craig M. Douglas
- Real Estate Editor
- Email: firstname.lastname@example.org
It’s official: Tom Brady’s deal with the Devil has transcended professional football, dating and, now, a moribund real estate market.
Our favorite shaggy-haired quarterback has scored again, this time ringing up a coup in Manhattan’s otherwise staggered condo market. The Round Up has learned that Brady did indeed sell his 3,000-square-foot spread, aka “The condo he never knew,” on the 74th floor of the Time Warner Center in New York. What’s news is that the NFL’s reigning MVP and New England Patriots captain tucked away a tidy little profit in the process. Of course he did.
Prior to knowing what he actually pocketed, Brady’s investment looked about as wise as his temporary test drive of the Bieber-doo. Back in November 2006, in the days leading up to the market’s Charlie Sheen-like decent, Brady dished out $14 million for the three-bedroom unit. For those of you keeping score at home, that’s about $4,700 per square foot.
Alas, Tom wouldn’t be terrific if bad luck followed him at every turn; New York City public records indicate that Brady sold the unit that he never even moved into for $17.5 million in March. If our math’s correct, that’s a 25 percent gain in roughly three years … in the wake of the downturn of all housing downturns.
Our hotline to Brady’s crib on the West Coast being what it is, The Round Up decided to explore other channels to get to the bottom of this conundrum. After all, who in their right mind would step up with such an offer?
Why, Green Mountain Coffee founder Bob Stiller, that’s who!
We called Vermont’s King of Coffee this week to confirm that he did indeed buy Brady’s New York suite. It was an odd conversation, really. Let’s just say Stiller hadn’t yet had his morning coffee.
Round Up: “Hi, Bob. We just wanted to chat about your new condo in New York. You got a minute?”
Stiller: “Not really. There’s false information out there.”
Round Up: “Well, city records say you and your Green Mountain lawyer, H. Kenneth Merritt Jr., bought Mr. Tom Brady’s condo back in March. What’s the deal?”
Stiller: “I didn’t personally acquire the property. Look, it’s the middle of the night here. I’m … I’m out of the country right now. I have no comment. This isn’t news.”
Round Up: “Thanks, Bob!”
New York public records indicate that Brady’s Courage Under Fire Nominee Trust did in fact sell the property in question on March 4 to P.C. Grace NY LLC. The P.C. Grace entity was created in November 2010 in care of The Stiller Family Office. The filing was made by Stiller’s aforementioned lawyer, Ken Merritt of Merritt & Merritt & Moulton of Burlington, Vt.
The Round Up tried to squeeze some additional details out of Merritt Thursday, to no avail.
All of which leaves us with the simple conclusion that The New England Patriots are in good hands, assuming there is a 2011-2012 National Football League season; Tom Terrific’s good-luck streak lives on.