Madonna is set to buy a third New York apartment.

The '4 Minutes' singer will splash out $7 million on the property overlooking Central Park, after settling her dispute with the board who own the building.

Last December, Madonna sued the board claiming it had wrongfully blocked her from extending her property.

Last year, Madonna splashed out $12 million on her sixth London home. The 49-year-old star snapped up the 10-bedroom Georgian townhouse in Marylebone last June.

It was claimed Madonna - who lives in the eight-bedroom house next door with husband Guy Ritchie and children Lourdes, 11, seven-year-old Rocco and adopted two-year-old David - could link the two properties to make one huge home.

As well as their six London and three New York properties, Madonna and Guy also own the 1,200-acre Ashcombe Estate in Wiltshire and a $16 million Beverly Hills mansion.

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