Director Paul Haggis Buys NYC 'Crash' Pad for $3.95M

When an Oscar-winning filmmaker purchases the former home of a bailout exec from the Blackstone Group investment firm, the odds are fairly decent that it will be an impressive piece of Manhattan real estate.

In this case, the filmmaker is Paul Haggis of "Crash" and "Million Dollar Baby" fame, and the Blackstone dude is CFO Laurence Tosi. The property of note is not just any old two bedroom, it's a SoHo loft-like apartment within 388 West Broadway. It boasts a 700-square-foot master bedroom suite that reaches 25 feet across in just the main room alone.

Apparently, the unit was precisely what Haggis was looking for, as he forked over the full asking price of $3.95 million.