Well, that was fast: A month after Michael Cohen’s condo purchase at 111 Murray Street came to light, the apartment has appeared as a $25,000/month rental. The Real Deal reports that Donald Trump’s longtime lawyer, who is currently under federal investigation for possible bank fraud and campaign finance violations, is using the apartment as an investment property.
The brokerbabble boasts that the apartment is “[n]ever lived in, newly constructed,” with four bedrooms, four and a half bathrooms, and 2,685 square feet of space. The 19th floor unit was asking $6.7 million when Cohen purchased it last month using a $3.5 million mortgage to finance the purchase. It was the first closing at the amenity-packed Tribeca skyscraper.
Cohen is reportedly facing financial woes as a result of the ongoing federal investigation. TRD reports that people close to Cohen have stated that federal investigators are bankrupting him. Cohen previously owned a three-bedroom unit at Trump World Tower, located near the United Nations, that he sold that apartment for $3.3 million last year.