The Real Deal New York

Legal defense fund? Michael Cohen lists condo at 111 Murray for rent

Trump’s former lawyer wants $25K per month for 19th-floor pad
By E.B. Solomont | August 14, 2018 07:00AM

From left: Michael Cohen, Howard Lorber, 111 Murray and Steve Witkoff

Michael Cohen — President Trump’s former fixer who is now under federal investigation — has listed his new apartment at 111 Murray Street as a $25,000-a-month rental.

Cohen’s 19th-floor condo was listed Monday, according to StreetEasy, roughly four months after he bought the pad for $6.7 million. The sale was the first closing at 111 Murray, a Tribeca skyscraper that is being developed by Fisher Brothers, the Witkoff Group and Howard Lorber’s New Valley. The 2,700-square-foot unit was originally listed for $7.45 million.

Cohen referred The Real Deal to Douglas Elliman’s Lauren Muss — who is marketing the unit with John Credaroli III and John Giannone — for comment.

She said the unit was an investment property for the Cohens, and that 111 Murray is “a wonderful building.”

The “never lived in” unit has a private elevator landing, 10-foot ceilings and an open chef’s kitchen, according to the listing.

Cohen’s friends have said federal investigators are “bankrupting” him, and the president’s longtime personal lawyer obtained a $3.5 million mortgage from Lorber and Steve Witkoff, who are both Trump confidantes, to finance the purchase of the 111 Murray unit, the Wall Street Journal previously reported.

According to the Journal, Cohen was under pressure to close on the unit in order to avoid a “tax event” stemming from his sale last year of a $3.3 million apartment at Trump World Tower. (Rolling over proceeds from one deal to another is part of a 1031 exchange, which allows investors to defer taxes on real estate sales.) Cohen’s primary home is at 502 Park Avenue, though he’s been living at the Loews Regency Hotel.

The U.S. Attorney for the Southern District of New York has been investigating payments Cohen allegedly made to a pornographic actress who claims she had an affair with Trump. Federal authorities are also looking into whether he committed tax fraud by underreporting income from his taxi medallion business.