Tiger Woods' Former Mistress Buys NYC Condo With Settlement Money

Tiger Woods's former mistress Rachel UchitelUPDATE: Tiger Woods' former mistress, Rachel Uchitel, just closed on the three-bedroom, three-bath condo in the Murray Hill section of New York City that she will use as an investment property, the listing agent told HousingWatch just minutes after she left the closing table on Sept. 8.

"It will not be her primary residence. I think she is going to be renting it out," says listing agent Beth Benalloul of the Corcoran Group about Uchitel, who purchased the unit for $1.625 million from the sellers, a couple who used the unit as their primary residence. "The apartment is in pretty good shape, but she is doing painting and tweaking to make it more her style."

Benalloul says that rents in the pre-war building would go for about $8,500 per month on units of this size.

So what does one get for that kind of money in lower midtown Manhattan? See photos below.

Uchitel was under contract for 5 or 6 weeks for the unit, which was last listed at $1.849 million and is located at 77 Park Ave., a lower address on the famed boulevard, in an area hardly known for its exclusivity. Uchitel opted for the lower priced unit over a corner unit, which was listed for $1.995 million.

Uchitel received approximately $10 million in a settlement with Tiger Woods in exchange for staying hush-hush about the details of their alleged relationship and other things that she may have learned about the now-divorced pro golfer. That's enough moolah to have paid cash for her pad, which she did, says Benalloul.

Although the property is in The Griffon building with a prestigious Park Avenue address, this lower Midtown Manhattan part of the Big Apple is not as swanky as buildings with views of Central Park. In fact, it takes a walk of about 20 blocks to get to the park.

The unit Uchitel purchased has a wood-burning fireplace, high ceilings, a chef's kitchen and real hardwood floors. It also has treetop views. This is a full-service building with a doorman and concierge, storage and an outdoor roof deck. Maintenance fees run around $1,600 per month, with monthly taxes at approximately $1,300. That totals close to $3,000 a month that she'll have to shell out, assuming she will not have a mortgage.

Uchitel was recently seen in Manhattan with Dr. Drew Pinsky of "Celebrity Rehab," a VH1 reality show that she is set to appear on this fall. She and Pinsky visited Ground Zero, where her banker fiancé went missing during the World Trade Center attacks of 9/11.

Tiger Woods also was reportedly seen in a West Village neighborhood unloading boxes and golf clubs on his own from a double-parked BMW. However, at least one agent has said, "No way Tiger would live there" -- in a run-down building, with leaky ceilings. After all, if Tiger can still afford to take out a $54.5 million extra-jumbo loan on his Florida estate to perhaps help pay his lawyers, his ex-wife and one of his mistresses, Tiger is not that desperate for that building.

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