Former San Francisco 49ers quarterback Colin Kaepernick is looking to make a chunk of cash this offseason. Kaepernick hasn’t played in the league since the 2016 season, but he has yet to announce his retirement from the league.
Colin Kaepernick has been busy outside the NFL
Kaepernick has been busy off the field. He has a non-profit foundation, Know Your Rights Camp, does various work to advertise for Nike, and has a publishing company. While Kaepernick is known for his play on the West Coast, he bought a condo in Tribeca, NY, not long after his career ended with the 49ers.
The former San Francisco 49ers QB had a New York condo
Per Realtor.com, Kaepernick is looking to sell the condo for nearly $240,000 more than he agreed to purchase it for:
“{Kaepernick is] asking for $3,450,000.
The athlete and activist picked up the two-bedroom, three-bathroom pad in New York City for $3,210,000 in 2017. That was during a time marked by controversy for Kaepernick.”
Kaepernick lived in a sweet spot in New York
Kaepernick has good taste in property, as the location is near art galleries and bougie shops. Kaepernick’s interior is excellent as well, and he did add upgrades during the time he owned the property:
“Spanning nearly 1,800 square feet, the unit offers daylong sunlight from south, east, and west exposures.
The home is in “immaculate condition” and includes a storage room as well as a parking spot, according to the listing.
Upgrades include central AC, remodeled baths, closet built-ins, and in-unit laundry. There’s also a sound system throughout.
The downtown Manhattan jewel box is part of a boutique condo building. It offers residents a full-time door attendant, an on-site resident manager, a private parking garage, a gym, and an outdoor heated pool.”
Most American homeowners or renters dream of having home equity in the range of $3.5 million. At 36, Kaepernick has done well to take advantage of the American Dream at a young age.
Kaepernick wrote a letter to the New York Jets asking them to let him play on the practice squad. He was a local then. One wonders if he asks to try out for the next local team he moves near.
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14 Comments
There must be something wrong with your figures. That’s hardly any profit at all!
I would say the sale of his condo in New York does not garner a “massive” profit after 7 years. How much was spent on the upgrades? 7 years. New York. Manhattan/Tribeca. 2 bedrooms. 3 bathrooms. Massive profit. I think not. SMH!
240,000 is not a massive profit for that time period. It’s not a massive profit at all especially in New York. He is clearly taking a loss since that doesn’t cover realtor fees or escrow. It seems as though you just want to continue to disparage him no matter what he does. Get a life.
Another bum looking for a quick handout cause I blew my chance! He’s worthless and useless! Ain’t NEVER gonna be what he was! Another bench humper and second rate!
Why do we continually give him press? He’s a has been, I wish he just fade off into the sunset….
The headline says Keapernick is seeking a “massive profit” of $240,000 for condo he purchased in 2017, seven years ago. The editor who created the headline not only doesn’t know property values and shows his anti-Keaperick views. Trust me, selling it for $240K more after 7 years is not looking for a massive profit. The author of the article does not, in the body of the article, does not reflect an anti-Keapernick attitude as the creator of the headline. 240,000 is only 7.5% profit over seven years, hardly a money grab massive profit!
In Manhattan getting $300k after owning for 7 years is almost a loss. What about 6% to Real Estate!? Dumb story!!!
Comments are correct, Colin is likely losing money on the sale. The article is a joke.
He wanted us to read his article. He got us all
100% a joke. I made more than that on my last home I sold
What a load of click bait BS! 240K profit over 7 yesrs for a Manhattan condo is a losing proposition! He’s paid atronomical taxes on it, if he has a mortgage tax changes has made that deduction no longer as attractive and he likely has very high common charges, so in all probability he’s losing money
Do we really need to be updated on this individual’s daily life routines or transactions? Is he of that important or are newspapers, journalists that desperate to talk about someone who really hadn’t accomplish much, but sue the NFL and get paid?
Clearly you are jealous of this young man. We know you haven’t accomplished all your goals. It’s ok, keep working at it, you will get there eventually!
NFL needs to purchase his home at the price he’s asking for