When The Checks Stop Coming In: Damon Dash’s Tribeca Loft Lands On The Auction Block

- By Bossip Staff

Poor thang! Damon Dash’s Tribeca Loft is going into foreclosure auction tomorrow.

The place, a 5,200-square-foot duplex in The Atalanta at 25 N. Moore Street, was purchased for $3.875 million in 2004, but after Dash began to miss making the ridiculous $78,504.20-per-month mortgage payment a few years ago, he tried to sell it for $7.9 million, in hopes of paying back some of his debt. Unfortunately his attempts to sell were unsuccesful.

The auction will take place tomorrow at 1:00 P.M. The listing for the loft states:

“This stunning 5,200 SF duplex loft boasts 20 foot ceilings in the living room, 4 bedrooms and 4 baths on TriBeCas best block. Add huge windows facing north and south, a mint kitchen and luxurious bathrooms, it leaves nothing to be desired. Located in the preeminent full service doorman building, the Atalanta, Must be seen!!”

SMH… Guess “Money Ain’t A Thang” only applies to the Jiggaman.


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  • Jones7

    Oh Well

  • http://yahoo.com Matinigal

    Damn thats sad! Guess thats why he hates on Jigga. Someone did not spend/invest wisely.

  • hollyz

    lol. people should shut up. ole boy is handelinging his business. he is selling and is gonna have millions, smh most people will never even see that kind of money. who cares

  • http://www.youtube.com/ruillfreestyleking Fee

    He will be alright just need another great artist.


    or just go to youtube and type

  • sunflower

    $78,504.20-per-month, I can’t imagine


    Shoulda saved that paper man.

  • elaine11

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  • http://www.mstrendydiva.com mstrendydiva

    @ hollyz…um obviously you’ve never owned property…it’s being AUCTIONED” that means he will likely not get what the property is worth or what he owes…and any profit he does make is going to all his creditors first…it has an 8.9 million lien on it right now…

  • why

    I never understand why they never buy there shhh with cash . I would never pay over 78,000 a month for a mortage that is just plain stupid. Instead of buying all that jewlery and cars he should have been investing in stocks .

  • jac

    Wickham coming soon….Demario Street coming soon


    Gotta pay for sacrificing Aaliyah…..

  • fb

    well buying a home is an investment…. he should of just stopped “poppin tags”

  • Kristina

    Same story, these guys waste their money on jewelry, cars, etc instead of saving and investing in something worthwhile. Yes, a house is an investment but $78,000 a month? Oh well.

  • Cake A Holick


  • Curious1 aka Pretty Girl Swag

    Reap what you sow…

  • http://esaw0111@rock.com REAL TALK

    jigga n?igga

    real real talk

  • http://girlsbestfriendandco.wordpress.com girlsbestfriendandco

    Now this is really foul, somebody really should have looked out for this brother. Dame you came up once brother you’ll do it again.

  • EyBwah

    @jiffy: you really don’t understand why blacks feel the need to flaunt their wealth and make poor investment decisions? I’ll give you a hint: they’re black.

  • thatbrutha

    Money doesn;t buy common sense


    Ridamdiculous all that money he had. Just tricked it off. SMDH!!

  • Oh yeah!

    Oh boy! smh. where’s wifey? he still married? did she cut out on him? she had some sort of designer business. whats up?

  • Xster

    Next to go is Rachel-again!. LOL!

  • Mrs. Rance

    Its a shame that he would let it go into foreclosure rather than just try to sell it for less. Who told him he could make a 4 million dollar profit in this market? And why would anyone carry a 78k per month note? I see why Jay left him alone. He just doesn’t seem to be very bright.


    tryin’ 2 live ABOVE ur means ALWAYZ results in a BIG mess, just like the 1 stated above!!! DON’T FEEL SORRY 4 HIM 1 BIT!!!!!

  • !!!!!


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