Tom Brady and Gisele Bündchen Sell $40M NYC Apartment and Are House Hunting in L.A.: Source
The quarterback, 43, and supermodel, 40, who now live in Tampa, Florida, sold the property located in Manhattan's TriBeCa neighborhood for under $40 million.
The source tells PEOPLE that the couple still own another apartment in the Big Apple.
"They own another place in the city, so this was just downsizing because they're in Tampa full time and they're shopping around in L.A. as well," the source says.
They previously sold a high-rise Manhattan residence that had been listed for $14 million in 2018. The final sale price was not disclosed.
As for Brady and Bündchen's Los Angeles house hunt, a real estate insider tells PEOPLE that the couple is "thinking ahead" beyond Brady's football career.
"Tom will have projects based in L.A., and the people he's partnering with on his first project are also in L.A.," the insider says. "So the family is looking all over L.A. for a new home. They had sold the place they had there a few years ago. Gisele loves L.A."
The family built a sprawling mansion with ocean views that was published in Architectural Digest in 2012. They sold it to Dr. Dre for a reported $40 million in 2014, according to the Los Angeles Times.
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