London, Feb 12 : Tom Cruise is allegedly in contract to sell his New York condominium for 3million dollars after 29 years.

The 50-year-old actor, who has owned the 2200 square foot East Village unit in the tenth floor of American Felt Building, had the ceilings in his property lowered to nine feet, while 41 other lofts have high ceilings, the Daily Mail reported.

The `Mission: Impossible' star decided not to involve any broker in the sale and also did not list the two-bedroom unit, which features a state of the art gym. (ANI)