Damon Dash's Loft Scheduled For Foreclosure Auction
Manhattan Loft Guy says that Dash bought the home in 2004 for $3.875 million, refinanced in 2007 for $7.3 million, tried unsuccessfully to sell in 2008 and 2009, first for $7.9 million and later for as low as $5.75 million. The bank secured a judgment March 1, 2010 for $8,960,752.
UPDATE: The NY Times reports that the condo, in the Atalanta sold to a company called Platinum Capital for $5.5 million, the minimum bid the bank would accept was $5 million. The other apartment, at the Sugar Warehouse at 79 Laight Street, also in TriBeCa, did not meet its $3 million minimum bid, so it now belongs to Eastern Savings Bank.