Madonna Buys $40 Million Dollar Town House in NYC

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Credit crunch? Recession? Those terms aren't in Madonna's vocabulary--which is why she just bought herself a $40 million dollar townhouse in New York.

Madge just purchased a four-story, Georgian-style townhouse on East 81st Street between Lexington and Third Avenue on the Upper East Side.

The house boasts 13 bedrooms and 14 bathrooms, a two-car garage, a 3,000-square- foot garden, nine fireplaces, an elevator and a wine cellar with a grotto. Not too shabby!

“The townhouse is perfect for Madonna,” a source revealed in Tuesday’s edition of the NY Post. “She’s trying to recreate London in New York City, and this is in the style of a London townhouse.”

The townhouse has to undergo a lot of renovations, so don't start stalking Madonna just yet!