Sept 9, 2010

Tiger Woods’ former mistress, Rachel Uchitel, is investing some of her settlement money in NYC real estate. She just closed on a $1.6 million Manhattan condo that she will use as an income property.

Uchitel received about $10 million in a deal with Tiger Woods in exchange for not speaking about the affair and other things she may have learned about the golfer.

Listing agent Beth Benalloul of the Corcoran Group told HousingWatch, “It will not be her primary residence. I think she is going to be renting it out…the apartment is in pretty good shape, but she is doing painting and tweaking to make it more her style.”

The condo is located at 77 Park Ave., in the Murray Hill neighbourhood of midtown Manhattan. The unit was initially listed at $1.849 million.

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