Russell Simmons Sells NJ Mansion For $10 Million

Russell Simmons recently took the “L” on his Saddle River, NJ mansion, which was once featured on “MTV Cribs.” The hip hop mogul purchased the property back in 2007 for $23.7 million, and sold it for a measly $10 million. Eeeeekkkk! Originally his crib was placed on the market for $24-mil, then dropped to $20 mil and then fell to…well you know the rest.
The Saddle River pad is approximately 35,000 square feet, includes 50-seat indoor theater, pool, gigantic backyard and…*inhale* the list could go on forever!
Dang…the housing market has everyone’s “panties in a bunch!”
Check out more pics below:









