SNL real estate palooza!

If Manhattan real estate transfers are any barometer for Big Apple success, graduates of the Lorne Michaels school of comedy are certainly having the last laugh. Last week The Observer reported that Jimmy Fallon and wife, Nancy Juvonen, purchased a third apartment at fancy 34 Gramercy Park East; and now public records report that Mr. Fallon's Weekend Update cohort and current 30 Rock superstar, Tina Fey, has sold her 500 West End Avenue abode for $2.15 million to lawyer Jack E. Pace III and wife, Colleen Ann Tully. The "classic six room home with tons of pristine original detail" was listed by Douglas Elliman's Ann Cutbill Lenane and Deirdre DeRisi. Ms. Fey and 30 Rock composer hubby, Jeff Richmond, purchased the two-bedroom in 2004 for $1.9 million. With an over $200,000 profit it looks like Ms. Fey turned Liz Lemons into lemonade.

In April 2009, Ms. Fey and Mr. Richmond upgraded apartments with a $3.4 million purchase several blocks south in the same Upper West Side neighborhood. The couple's new apartment boasts four master bedrooms, a 27.5-foot-long living room with a wood-burning fireplace and a view of the river. The Wall Street Journal recently reported the $550,000 sale of a 641-square-foot studio apartment, also on the Upper West Side, which Ms. Fey owned and apparently used as an office space. Is Liz Lemon real estate purging? And if so, we hope she consulted her mentor, Jack Donaughey.

cmalle@observer.com