Two foreclosed Tribeca condominiums belonging to hip-hop executive Damon Dash went up for auction at Manhattan Supreme Court this afternoon, one sparking a bidding war and the other landing back in the hands of the lender. The two loft units, #3A/4A at 25 North Moore Street, also known as the
Atalanta, and #5F at 79 Laight Street, called the Sugar Warehouse, were
the subject of a 2008 foreclosure suit filed by Eastern Savings Bank.
Bids on the first, a 5,200-square-foot duplex at the Atalanta, began at
$5 million. Dash purchased the four-bedroom, four-bathroom spread for
$3.875 million in 2004 and tried unsuccessfully to sell it for $7.9
million in 2008 with the help of Brown Harris Stevens’ Wendy Maitland.

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The Tribeca duplex that belongs to hip hop mogul Damon Dash, former pal
of Jay-Z and co-founder of the pair’s Roc-a-Fella Records, is scheduled
for a 1 p.m. foreclosure auction tomorrow at the New York County
Courthouse, according to Manhattan Loft Guy. Dash bought the
5,200-square-foot spread in the Atalanta at 25 N. Moore Street for
$3.875 million in 2004. Dash had a $7.3 million loan out on the
property, along with another loft he owns at 79 Laight Street, but reportedly stopped making
his $78,500-per-month mortgage payments in January. The four-bedroom,
four-bathroom Atalanta unit being auctioned tomorrow, which Dash once
tried to sell for $7.9 million in order to pay off his debts, has
20-foot ceilings in the living room and large windows facing north and
south. [Manhattan Loft Guy via Curbed]

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The Tribeca duplex that belongs to hip hop mogul Damon Dash, former pal of Jay-Z and co-founder of the pair’s Roc-a-Fella Records, is scheduled for a 1 p.m. foreclosure auction tomorrow at the New York County Courthouse, according to Manhattan Loft Guy. Dash bought the 5,200-square-foot spread in the Atalanta at 25 N. Moore Street for $3.875 million in 2004. Dash had a $7.3 million loan out on the property, along with another loft he owns at 79 Laight Street, but reportedly stopped making his $78,500-per-month mortgage payments in January. The four-bedroom, four-bathroom Atalanta unit being auctioned tomorrow, which Dash once tried to sell for $7.9 million in order to pay off his debts, has 20-foot ceilings in the living room and large windows facing north and south. [Manhattan Loft Guy via Curbed]

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