For some people it's a recession, and for some it's a chance to buy a luxe apartment for less.
The Hollywood couple have reportedly been purchasing several apartments in the 12-storey building, and thought two-year-old Suri could benefit from a bigger area to keep her toys in.
New York Post reported, citing their own source: "Tom and Katie now keep five units in the building. They turned one into Suri's playroom. One they use for a gym, and two apartments are for staff. In the past couple of months they've bought up all these other apartments. They're all separate and on different floors."
"Everyone in the neighborhood is buzzing about it," the source added.
The source added to the New York Post newspaper: "Tom is seen coming in and out all the time, and he's really friendly to everyone he meets."
A representative for the couple denied the claims.