The true property jettison continues for Russell Simmons, the embattled Def Jam co-founder who stepped down from the label following accusations of sexual misconduct throughout a number of many years. After discovering no takers at $9.925 million, he simply relisted his New York penthouse for $5.5 million.

It’s the second residence Simmons has tried to promote because the allegations surfaced. In 2018, he unloaded a Spanish-style hideaway above the Sundown Strip for $8.125 million.

Information present he purchased this one for $2.32 million in 2007. It’s present in Manhattan’s Monetary District and presents 7,175 sq. toes of interiors and three,500 sq. toes of landscaped terraces.

A personal touchdown results in dwelling areas full with 12-foot barrel ceilings above oak strip flooring. Highlights embody a front room, eating room, screening room, chef’s kitchen with a breakfast nook and library with a fire.

An architectural staircase winds its means upstairs, the place three units of French doorways within the main suite opens to a south-facing terrace — one in all three connected to the rental. The highest degree additionally holds a den and kitchenette. 5 bedrooms and 4.5 bogs full the two-story ground plan.

Simmons, 63, co-founded Def Jam Recordings with Rick Rubin in 1984, and the hip-hop label’s present artist roster consists of Kanye West, Huge Sean, Nas, 2 Chainz and Pusha T. In 2017, The Occasions printed multiple reports of sexual misconduct allegations towards Simmons, which he has denied.

Carl Gambino of the Modlin Group holds the itemizing.


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