Annie Leibovitz's NYC apartment sells for $10.62 million, as famed photographer takes a LOSS on the price she paid

Annie Leibovitz has sold her swanky Upper West Side home for $10.62 million at a loss after purchasing the duplex in 2014.

Leibovitz bought her stunning home at 88 Central Park West for $11.24 million 10 years ago.

The 74-year-old portrait photographer put the duplex on the market for just $8.6 million four months ago. 

The new owners are Kindle creator Gregg E. Zehr and lead Apple lawyer Kim M. Cooper. The married couple snagged the luxury Manhattan apartment for $10.62 million - $2 million over the asking price. 

The unit is located in the Upper West Side's Brentmore building, known to also house stars such as Robert De Niro, Lorne Michaels, Sting and Paul Simon. 

Annie Leibovitz has sold her swanky Upper West Side home for $10.62 million at a loss after purchasing the duplex in 2014

Leibovitz bought her stunning home at 88 Central Park West for $11.24 million 10 years ago

The Upper West Side apartment stretched over the fifth and sixth floors of the iconic building and the stories were connected with a winding staircase featuring a wooden banister 

New owners Kindle creator Gregg E. Zehr and lead Apple lawyer Kim M. Cooper snagged the luxury Manhattan apartment for $10.62 million - $2 million over the asking price

Leibovitz's former duplex is 3,500 square feet and includes four bedrooms and three bathrooms

Leibovitz's former duplex is 3,500 square feet and includes four bedrooms and three bathrooms. 

The American photographer, best known for her engaging portraits of celebrities, decided to ditch her dreamy apartment now that her three daughters are all grown up.

Leibovitz explained that she chose the property partly because of its proximity to her daughters' school. 

'The apartment is now too big for me,' Annie told The New York Times.

'I live and work downtown and our house upstate is now our family home,' referring to the West Village apartment that she bought last year and her property in Rhinebeck, New York.

The photographer also added a library wall to the 672-square-foot living room, complete with a sliding ladder 

The unit is located in the Upper West Side's Brentmore building, known to also house stars such as Robert De Niro , Lorne Michaels, Sting and Paul Simon

The American photographer, best known for her engaging portraits of celebrities, decided to ditch her dreamy apartment now that her three daughters are all grown up

The property features French doors at the back of the space which open up to a formal dining room with breathtaking park views

The Upper West Side apartment stretched over the fifth and sixth floors of the iconic building and the stories were connected with a winding staircase featuring a wooden banister.

During her time in the home, Leibovitz added an office and redid the kitchen.

The photographer also added a library wall to the 672-square-foot living room, complete with a sliding ladder.

'When I first walked into the apartment over 10 years ago, beautiful light was pouring into the living room windows from the park,' Leibovitz said.

The property features French doors at the back of the space which open up to a formal dining room with breathtaking park views. 

Leibovitz's three daughters are 'building their own lives' now, according to the photographer.

She gave birth to her first daughter in October 2001 at the age of 52 and later had twins girls, born to a surrogate mother, in 2005.

Leibovitz had a close relationship with writer and essayist Susan Sontag from 1989 until Sontag's death in 2004. 

During Sontag's lifetime, neither woman publicly disclosed whether the relationship was a platonic friendship or romantic. 

When Leibovitz purchased the Upper West Side apartment in 2014 she was downsizing from her $28.5 million townhouse in the West Village. 

Leibovitz bargained the property down from its original listing price of $14.5million, and officially purchased it approximately three weeks ago after the property had been on the market for nearly six months. 

During her time in the home, Leibovitz added an office and redid the kitchen

Leibovitz had a close relationship with writer and essayist Susan Sontag from 1989 until Sontag's death in 2004

The 74-year-old portrait photographer put the duplex on the market for just $8.6 million four months ago

The famous photographer, who frequently shoots for Vanity Fair and Vogue, was reported to be $24million in debt in 2009. 

She eventually reached a long-term agreement with a California-based private investment firm, which helped manage her debt and market her vast portfolio. 

A source said: 'She’s made great progress on reducing her debt. Moving from a $30 million home to an $11million home is called downsizing. She is being responsible — and she continues to do great work at the highest levels.'