It looks like the Obamas will be calling the Big Apple home pretty soon! It's been nine months since Barack and his wife Michelle moved out of the White House, and they're still eyeing places to live now that the 56-year-old has finished his two terms as President of the United States. While the couple still calls Washington D.C. home, sources reveal they've set their sights on an apartment in a historic building on the Upper East Side of NYC.
The kitchen at 10 Gracie Square, apartment 10G. (Photo Credit: StreetEasy)
Barack and Michelle have been spotted viewing 10 Gracie Square in Manhattan on multiple occasions, insiders told Page Six. The building is near Gracie Mansion, which is where the mayor of NYC resides.
The apartment building was constructed in 1930 and is 15 stories high, with 43 units, according to StreetEasy. It's speculated that apartment 10G — which is currently under contract for $10 million — is the one the Obamas are purchasing. The unit features five bedrooms and four bathrooms, and was designed by Vicente Wolf. It boasts a wood-burning fireplace and custom-colored white oak wood flooring.
One of the living rooms at 10 Gracie Square, apartment 10G. (Photo Credit: StreetEasy)
And because the Obamas are former POTUS and FLOTUS, the building has to be equipped with adequate security — including full-time lobby attendants, a live-in resident manager, and an underground parking garage. Amenities include an in-building laundry and an indoor basketball/squash court — which would be perfect for fitness enthusiast Michelle.
The apartment may come with a hefty price tag, but the Obamas can definitely afford the luxurious space. Barack currently earns $400,000 for speaking engagements, and back in March, the bidding for their memoirs had reached $60 million for each book, to be sold as a set.