The Rafael Soriano edition of ‘Stalking The Yankees’
ByThe beginning of the season is always a fun time for New York City real estate watchers. The Yanks and Mets bring in a brand new crop of transient millionaires who need places to live, and The Post’s Page 6 and the city’s real estate gossip blogs work overtime to find the latest and greatest pads for baseball players. We know that Derek Jeter recently took out a new apartment in his Trump building so that he could get a better night’s sleep, and this week we learn where Rafael Soriano is dropping his new-found millions.
The Yanks’ 8th Inning-only pitcher set-up man has set up shop at the RiversEdge in Weehawken, New Jersey. The luxury building is a 25-minute drive away from Yankee Stadium, and Soriano is dropping $15,000 a month on not one but four apartments. One of them is for him; another for his assistant; the third is for his trainer and chef; and the fourth is for his sister, who according to The Real Deal, often travels from the Dominican to see Soriano pitch.
Soriano, whose RiversEdge neighbors include one Boone Logan, has taken up shop in a 1500-square foot two-bedroom unit with views of the Manhattan skyline. My favorite part of the report though is the quote from Gershon Adjaye, Soriano’s broker. “Rafael was looking for a place with proximity to the stadium without being in the city,” Adjaye said, “and he wanted to be able to have enough space where his chef and assistant were nearby, but not living with him.” It must be nice to be paid that well, eh?
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MLB players have an average 5-8 year career, and is spending $60,000 rent.
these players have rocks in their head.
$60,000/per month
Sori’s total rent for all four units combined is $15,000 per month. Sorry if that wasn’t clear in the original post. He’s also making $12 million this year. I think he can afford it right now.
It was clear to me.
Oh, he can afford it. But it’s still a dumb way to spend your money.
Really?
12M$ parked in the bank @ 1%/yr would easily cover this. These guys need security and if he could get 4 units to keep everything private, that can’t be considered a waste at all. He can write off 1/2 the rent (trainer & gopher) to boot.
Jeter is spending that for a few extra hours of sleep (doubt construction can start before 9AM) in a building that he already owns a condo in.
He certainly can afford the expense given his current salary. Its just a silly way to spend it. I can see having one nice apartment if you make a lot of money. But four?
Jeter’s spending is even more ridiculous. But whatever.
As opposed to paying $35 to park your car $125 for one field level seat $10 for a beer…it goes on.
Is it? Its less than 15x what I pay, and I sure as hell don’t make 1/15 what Soriano does in a year.
Its expensive, but he probably spends a lower % on rent than your average person who lives in an expensive area.
Yes, Soriano probably makes more than 15x what you make. But he’s not going to be earning that kind of cash forever. He’s a reliever, so there’s a good chance that he flames out within a few more years, making this contract his last big payday. By his mid to late 30′s he’s probably done and needs to find a real job or live off his savings. Maybe I’m just a cheap bastard but it seems wise to not be extravagant when you have a limited window of earning potential.
$15K a month for himself, sister, trainer, etc. doesn’t even represent a rounding error. I’m sure it’s also why he decided to rent over in Weehawken. Even he rented a place in NYC, it might cost him 10-15K a month just for himself.
The salaries and rent for his assistant and trainer are business expenses, so he can write that off his taxes. He’s probably getting taxed around 40%, so chop that off the numbers to see get a better idea of what it’s really costing him. To someone making an 8 figure salary, he probably feels it about as much as you would feel the cost of a gym membership.
Also, if having a personal trainer prolongs his career an extra year, it’s easily worth it.
he signed my baseballs
My dad did some electric work at the apartment complex. Small world.
If the Yankees lose half their bullpen in an electrical fire we now know who to blame
Any word about the game getting rained out?
No updates, and this isn’t the place to ask. We’ll post updates about the weather in the game thread — published at 6:30 p.m. every day — as they come in. Please keep comments on topic per our commenting guidelines.
I wonder how much ARod spends a month on call-girls and strippers?
AWESOME name. Love it.
Thanks, ya snapperhead.
Oooooooooooooh!
This would be a great opportunity for me to reflect on how crappy the homeless situation is in NYC. You don’t need four apartments, Rafi.
Crappy, I thought it was thriving?
He doesn’t have 4, he has one and likely a small one for that money. The other three are for his staff and family which I think is really cool in not asking them to share a unit.
Good for him, don’t be such a downer on anothers success.
How does Rafi having 4 apartments affect the homeless situation in NYC? (Even if his apartments were in NYC, which they are not)
I tell you one thing. It’ll take him a lot longer than 25 minutes to get back to Weekhawken after a Yankee game.
Wait, are his trainer and chef the same person, or do they have to share a place? That would suck.
It would make sense that it’s one person, trainer/chef. It’s the guy that keeps him in top condition.
This is why former players end up broke. They do ridiculous things with their money.
So if he signed a lease in Manhattan for $15 grand a month, which is basically what most of the high-paid Yankees players pay to live in the city, would anyone be saying anything?
Let’s see…Soriano’s rent is an average of $3750/mo. for each apartment in a luxury building? He can deduct 2 or 3 of the apts—including his own if he has an established residence elsewhere—and this dumb/wasteful how, exactly?
At least he’s earning his money.
I have zero problem with how players spend their money or even how much they earn.
Christ, you never see this kind of press or scrutiny for guys that pick up baseball franchises just because they knew the right people or were lucky enough to be born to a rich old bastard.