Madonna Buying $40 Million New York Townhouse

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Madonna is dropping $40 million on a massive New York City mansion.

The pop queen just signed a contract to purchase a multi-million dollar Georgian Townhouse in the "Gossip Girl" approved playground of Manhattan's Upper East Side, according to the NY Post, which first reported the story.

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"The townhouse is perfect for Madonna," a source told the paper. "She's trying to recreate London in New York City, and this is in the style of a London townhouse."

The property, which features 36 rooms across 12,000 sq. ft, is one of the most expensive properties purchased in the area, a broker told the paper.

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"[No home in that area] has ever sold for $20 million, let alone $30 million – or ever will again," the broker said.

In addition, the property contains a 3,000-sq. ft. garden, a two-car garage and nine fireplaces.

But, the residence isn't a quiet, serene estate.

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According to another source, those inside the property can hear subway trains through the floors.

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