Former Damon Dash Tribeca residence sells

April 02, 2012 04:00PM

The foreclosed Tribeca loft of has just gone into contract, Curbed reported. The asking price for the property ticks in at $7.95 million. Prudential Douglas Elliman was the listing agent for the apartment, which has 5,142 square feet of space.

Dash’s  purchased the 25 North Moore Street pad in the Atalanta back in 2004 for nearly $4 million. It hit the auction block in the summer of 2010. Even after the auction, which is where Platinum Capital’s Edward Farrell paid $5.5 million for the property, designer Rachel Roy was squatting in the apartment.

Farrell wanted to flip the apartment at that time for $7.995 million, according to Curbed, but couldn’t find a buyer. The apartment entered the market again last fall for an asking price of $8.25 million. The most recent price chop, Curbed wrote, brought the price down to $7.95 million. [Curbed]