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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here