Jay-Z Closes $66 Million New York City Real Estate Deal, Launching New 40/40 in Las Vegas

Jay-Z and a group of partners recently finalized a $66 million deal for a piece of prime property in New York’s trendy Chelsea neighborhood. According to the New York Post, Jay teamed up with J Hotels to purchase the property which stretches is located at 510 W. 22nd Street and stretches to 512 W. 21st Street. His partners include real estate developers Abraham Shnay and his son Scott, and Charles Blaichman, all of whom have previously been involved with high profile development projects in the city. “It’s a great piece of property adjacent to the High Line in a great neighborhood,” Scott Shnay told the Post. The group is currently trying to figure out what to build on the property. Options currently being considered include an art gallery or possibly a high end hotel.

In related news, Jigga and his business partner Juan Perez will host a grand opening party on December 30 to celebrate the launch of their third 40/40 franchise in Las Vegas. The 24,000 square foot high end sports bar will be located in the brand new Palazzo, a 53-story extension of the Venetian and Sands complex that is scheduled to open the same night. “We represent what the entertainment capital of the world is all about, it’s only natural we open here,” Jay said in a statement. The $20 million club will feature 85 plasma TV’s, 5 exclusive VIP rooms, 24-karat gold and platinum floors and five 40 foot bi-level bars.

  • FuckUPayMe618

    Thats one Lucky Camel. De-Haven started Rocafella Records

    • http://xxLMAG JOHNNY BOY

      Stop the fucking hating!!!!!!!! If Dehaven would get on his fucking job instead of doing interviews maybe he could get his money up to!!!!!! Peace to the homie Jay. He’s a examble of hard work. Ain’t nothing lucky about that.

      • knowledge born

        I could not have said it better myself JB…Thank goodness for individuals using their head for more than a hair do and a hat rack…

  • http://wmdeez.wordpress.com nation

    L’CHAIM

    I hope he gives back to the community, going to synagogues on the last day of Hannukah and shit

    • T-GUTTA

      Jay always give to the community….Think before you speak…That’s God giving and no one can take that ….No DeHaven ..No Dame
      No One..When are yall going to realize Jay is just reaping what he sow and now its harvest time for him and he has pleanty to eat

  • EReal

    I gotta give it to Jay for his fuckin intelligence. No rapper ever in the game commands respect like Jay does, from the nets to brooklyn to hotels to def jam ceo, clubs, this dude is smart as fuck.

    No dickridin, but forreal, he’s a bussiness… mannnn. ( and i dont even really listen to jay, i was a nas fan back in the day )

    Its a celebration bitches!

  • missile 6

    Dehaven must be sick. Can’t hate, Jay did it multi before he died. Smartest rapper alive.

  • What?

    The Rich get richer. 1st.

  • http://moneyeyerecords.com money eye

    Big Pimpmin!!!!!!!!!!!! I ain’t mad!!!!!! Get Money!!!! moneyeyerecords.com, moneyeyerecords.com,moneyeyerecords.com

  • lil young jr

    “24-karat gold and platinum floors”

    retarded

  • De-Haven

    *Whining and cryin like a five year old* Man fuck Jay-Z, camel ass nigga. I started Roc-a-fella and I aint eating. Jay-Z blew up and left me in the hood fucked up. I aint got no job, no education and those squares aint comin off like they used too. I NEED MONEY!! Come on Jay, call a nigga. Help a nigga out. Jay, ur worth damn near a billion dollars so can I borrow a couple million dollars please??? So I wont have to go out and earn for myself like a REAL man.

  • REESE

    24-KARAT GOLD AND PLATINUM FLOORS???????

    DAMN!!!!!!

  • http://paidandpopular.blogspot.com Anthony to the S.

    dehaven and klein gotta be kicking themselves right about now.

    http://paidandpopular.blogspot.com

  • p.o.p

    why is this man diss’n scarface on the new A_G
    great huztla he is but why diss face

    • CL

      He is not dissing Scarface on American Gangster. He is saying Scarface the Movie was more of an influence on his life than Scarface the rapper, in terms of being a drug dealer.

    • FORTY

      p.o.p

      Jay is not dissing scarface on American Gangster you stupid B*tch!! When he said “scareface the movie did more than scarface the rapper” he’s comparing movies to rap. You have all the critics out there coming down hard on rap for the explict lyrics and other shit when the movies are more explict and violent. N*ggas are so quick to say another n*gga dissin without trying to listen and under where the n*gga is coming from…..Ignorant B*tches!!!!!!

    • J

      HE NOT DISSIN SCARFACE DUMBASS…HE WAS INTERVIEWD N JAY SAID I’M NOT DISSIN SCARFACE CUZ DATS MY MAN…BUT IN REALITY SCARFACE THE MOVIE DID DO MORE THAN SCARFACE THE RAPPER SO Y R PEOPLE COMPLAING ABOUT RAPPERS AND BLAMING SHIT ON RAPPERS WHEN MOVIES ARE WORST THAN WHAT RAPPERS SAY….DO UR HOMEWORK HOMIE

  • nappy_pappy

    oh shit that new 40/40 shit is off the hook i heard its gonna cost $1500 just to get in that bitch on that nite!!! got dayum!!!

  • THEGOD

    lil young jr says:

    “24-karat gold and platinum floors”

    retarded

    you obviously never been to vegas.

    anyway…i can’t wait to check this spot out next summer. wish i could take a vacation leave for new years. id be right there ripped and losing money, and loving every minute of it. SWEET.

  • okayman

    24k gold and platinum floors… I didn’t know Vegas had that, and I been there a few times.

    • hoodfellas

      lol you know that’s a lie anyway, it’s probably gold plated and stuff, cause they said the whole club cost 20$ million, hell im in vegas all the time, and just the entry of the bellagio is worth 250 million and it’s just marble.

  • http://.. E

    $66 Million ain’t no joke. Go Jay!

  • L@@K @ ME!!!

    JUST BECAUSE JAY-Z IS DOING IT BIG DOESN’T MEAN YOU LOOSERS WITH DEMOS GONNA GET IT!!!

    LOOK @ THESE WEEKS SALES – ITS OVER!!!

    J GOT HIS IN THE 90′S SO YALL NEW NIGGAS BETTER GET IT OUT YA’ HEAD THAT YOU CAN TO DO THE SAME CAUSE IT AIN’T HAPPEN!

  • j

    I want to see how Jim Jones or any other rapper going to hate now. You buy cars and the bar out I buy fucking Hotels and franchise a club. Jay took his Husltle from Henry Ford and othe major Tycoons. He not a mogul anymore graduate to TYCOON>. He will become not just a Billionaire but a MULTI Billionaire. So all the little dudes who want to be like Wayne and kill baby go ahead I need wealth not rich.

  • air.hova

    do it to these niggas hov!

  • INVICTUS

    The last man to do what he doin’ was Russell Simmons… REAL TALK… I mean Diddy is doin’ his thing, and so is Fif’, but be realistic, Jay is on some Russell Simmons shit. This is a real good look for Hip Hop. I wish more artist would look to this man for inspiration. Like fuck buyin’ knecklaces and cars when you open up yo own shit and charge niggaz to rock yo shit…

    Like he said, Fuck RICH let’s get WEALTHY, who else gone feed WE!!!

    -ROO-

    From the QUEs

  • CHICAGO “G”

    “Billionaire Hov you on pace to make it”

    The dude is doing his thang, and niggas need to quit speaking on the Dehaven situation cause you don’t know who is right or wrong in that situation unless you one of those two men… At any rate this should motivate niggas to get money and not worry so much about what another man is doing so stop reading these magazines idolizing these rap dudes cause in the word of DMX “yo shorty can’t eat no books dawg”

  • Jay Z

    ohh what the fuck?

    i just bought this shit?

    ohhhh shit!

  • 8yr old kid (our future)

    Reaping what he sowed????

    So this is what you get when you sell crack to broken homes…..this is what you get when you kill families and everybody in them….this is what you get when you kill your community….DAMN…..where the drugs at I’m bout to start slanggin so I’ll get this when I’m in my thirties, FUCK MY COMMUNITY!!! Its all about me!!!!

  • TRUTH

    yo JAY-Z IS PART OF THE NEW WORLD ORDER!!!!! 66 MILLION 6-6, 6 ZEROS IN A MILLION = 666

    OMG!!!!!!!!! JAY-Z SOLD HIS SOUL TO THE DEVIL!!!!!!!!!!!!!

  • Khayan from the Bronx

    Jay is doing huge things. I’am so happy to see somebody putting there money towards something that going to make some more money down the line.

  • Larnell

    JAYE-Z IS DOING HIS THING MUCH PROPS, NOW HE SHOULD REALLY START PUTTING HIS PEOPLES/FANS ON WITH JOBS AND OPPORTUNITY ON A MASSIVE SCALE.I CAN USE THAT OPPORTUNITY GIVE ME A ENTRY LEVEL JOB AT ONE OF HIS COMPANIES FILMS, HOTELS, CLUBS, RECORDS CLOTHING LINE AND FUTURE PROJECTS! IF YOU ARE READING THIS JAYE, IF YOU DECIDE TO EVER MAKE A MOVIE ABOUT YOUR LIFE MY 10 YEAR OLD SON COULD PLAY YOU IN YOUR YOUNGER YEARS FAVORS YOU ALOT REAL TALK.