The singer will pay $40m (£27m) for the 26-room mansion on East 81st Street – about $5m less than the original asking price – according to the New York Post. Madonna is "trying to recreate London in New York City", according to a source close to the singer, and she was attracted to the home's Georgian aesthetic.
The double-wide mansion has 13 bedrooms, 14 bathrooms and nine fireplaces, not to mention a lift, a wine cellar and 3,000 sq ft (279 sq metres) of garden. But there's at least one problem, according to the Post – people inside the house can feel the rumbling subway train underneath.
Madonna plans extensive renovations, including security upgrades, before moving in.