Lifestyle Home Jennifer Lopez's N.Y.C. Penthouse Finally Finds a Buyer for $25 Million After 7 Years on the Market Lopez initially put the apartment up for sale for approximately $27 million in 2017 before cutting its price about two years later By Kimberlee Speakman Kimberlee Speakman Kimberlee Speakman is a digital writer at PEOPLE. She has been working at PEOPLE since 2022. Her work has previously appeared in Forbes and she has also worked in broadcast television as a reporter for Hawaii-based news station KHON2 News. People Editorial Guidelines Published on April 19, 2024 04:15PM EDT Close Photo: Darren Gerrish/Getty Jennifer Lopez is finally saying farewell to her New York City penthouse. The Marry Me star, 54, has found a buyer for her $25 million penthouse near Manhattan's Madison Square Park after seven years on and off the market. The troubled listing has a "contract signed" according to luxury real estate firm Brown Harris Stevens. The asking price for the four-bedroom, seven-and-a-half bathroom property was most recently $24,990,000. Listing agents Richard Orenstein and Chris Pomeroy did not immediately reply to PEOPLE's request for comment on the deal. Jennifer Lopez Re-Lists Her NYC Penthouse for $25 Million After Price Cut Lopez bought the apartment for just over $20 million in 2014, according to the New York Times. She then put the apartment up for sale for approximately $27 million million in 2017. However, the apartment didn't attract any buyers during that time, and over the past several years, it has been on and off the market. In March 2019, the singer cut the price of the penthouse down to $25 million before removing the listing altogether in October 2021, according to Zillow. It also briefly hit the market for five days in December 2022. Photo credit: Barry Winiker / Photodisc / Getty Images Jennifer Lopez Is 'Still Deciding' on Her Met Gala Look: 'I Like Options!' The 9,500-square-foot property is located in a historic 1924 mansion conversion and features an indoor/outdoor design with four private terraces that feature views of the New York City skyline. There is also a full-time doorman, private locked storage and a key-locked elevator. The inside of the penthouse includes a top-of-the-line kitchen with a large island, open shelving, a stainless-steel wine fridge and a breakfast bar, and leads into a separate open dining room. A private guest wing is also included on the lower floor with three spacious bedrooms, staff quarters and a laundry room. Lionel Hahn/WireImage Jennifer Lopez's N.Y.C. Penthouse Finally Sells for $25 Million After 7 Years on the Market (8636269, needs edit, waiting for photos) The second level features a primary bedroom suite with two separate bathrooms, a large dressing room with floor-to-ceiling closets, a deep soaking tub and two private terraces. There is also a media room that has access to a south-facing terrace with views of Madison Square Park. Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Lopez has been spending more of her time in L.A. with husband Ben Affleck. The pair reportedly purchased a $60 million home in Beverly Hills in June 2023 after an extensive house hunt, according to the Wall Street Journal. That property features 12 bedrooms and 24 bathrooms. Outside, there's a sports complex with basketball and pickleball facilities.