Damon Dash’s Obscene Tribeca Loft Heads for Foreclosure Auction

July 27, 2010  |  

(Gawker) — Former hip hop mogul Damon Dash ran into some money trouble a few years back (we can think of a few reasons why) and reportedly stopped paying a $78,504.20-per-month mortgage. Now comes the foreclosure auction. Dash’s $7.3 million loan was for a pair of Tribeca lofts, one at 72 Laight Street, and the other a 5,200-square-foot duplex in The Atalanta at 25 N. Moore Street, one of the neighborhood’s power buildings. Jay-Z’s ex-bestie tried to sell that Atalanta stunner for $7.9 million (he bought it for $3.875 million back in 2004) to pay off his debts, but the guy’s got 99 problems and this condo stayed one-until 1 p.m. tomorrow at the New York County Courthouse, when a new owner could emerge.

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