P. Diddy is selling his New York apartment for $7.9 million.
The rap mogul is moving out of his 66th floor 2,300 square foot home and is currently searching for a bigger property so he can throw big parties and events similar to those he enjoys at his mansion on Star Island in Miami.
A source told the New York Post newspaper: "Diddy wants to move downtown, into a larger apartment where he can entertain and throw parties without disturbing the neighbours."
Diddy's current New York property boasts a piano room, a Crestron system which controls sound through the entire apartment, and a living room with a built-in 90-inch flat-screen television.
Diddy - whose real name is Sean Combs - previously listed the property for sale in 2012 for $8.5 million.
As well as looking for a new New York base, the 44-year-old star has also been househunting in Beverly Hills.
According to gossip website TMZ, the 'I'll Be Missing You' star has been looking at a $12 million 11,200 square foot home in the gated Beverly Ridge community, but is investigating the local homeowners' association's policies on parties before he will consider making an offer.
And it may be that their rules are good enough for him, as though big parties require a valet service and security and noise regulations are enforced, the neighbourhood body are said to be "flexible" as the community is home to lots of famous residents who are known for their parties.
The property - which Kim Kardashian considered buying last year - was custom built for Keyshawn Johnson in 2003, but the sportsman sold it the following year.