Hip-hop heavyweight Jay-Z is going to be evicted by the owner of his $27 million luxury New York City apartment. The rapper -- real name Shawn Carter -- has been paying $40,000 a month to rent the four bedroom pad in the exclusive Time Warner Center in Columbus circle since September 2005. But owner, telecom boss Michael Hirtenstein, is selling it -- intending to make a huge profit on the $15.7 million he paid for the apartment in 2004 -- reports the New York Post. Jay-Z will struggle to find a new home to match the criteria his current pad boasts -- as well as a private terrace and its own library, it has a telescopic view of his girlfriend Beyonce Knowles' apartment across Central Park. According to reports, the rap boss is planning to move straight into a $6.85 million penthouse he has been renovating for the last two years in the TriBeCa district.