Tom & Katie Are Not NYC's Next Real Estate Moguls

Tue., Jan. 6, 2009 2:43 PM PST by Marc Malkin

BEL/Fame Pictures

Are Tom Cruise and Katie Holmes trying to give Donald Trump a run for his New York City real estate money?

If a new report is to be believed, Cruise and Holmes have bought not one, not two, but three more lofts in the building where the Valkyrie star has owned an apartment since first hitting it big in the '80s with Risky Business.

Estimated price for the new purchases? A whopping $14.4 million.

But don't call in the decorators just yet...

A source tells me that the only thing Cruise and Holmes have been doing in that building is living there—not snatching up all available living space.

In fact they’ve called Cruise’s apartment home during Holmes’ three-month run on Broadway in All My Sons. The Arthur Miller play, which costars Patrick Wilson, John Lithgow and Dianne Wiest, closes on Sunday.

And while Cruise told me in an interview last month that he loves living in New York City, chances are the family will soon be back on the West Coast.

Not only that, they'll also be busy jetting around the world as Holmes and Suri are likely to join Cruise for at least part of his upcoming international promotional tour for Valkyrie.