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Former Damon Dash Tribeca residence sells

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.

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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]

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Celebrity Real Estate