Damon Dash’s Former Loft Goes to Auction

While Damon Dash has already made moves to ensure an interesting, relevant future with the opening of his DD172 complex and associated businesses, it seems that his lavish past still creates a few messes that need cleaning up.

For Dame, one of the biggest problems of all is his loft and former residence in downtown Manhattan. The property, located on Moore Street in the City's Tribeca neighborhood, is now technically owned by New York County and will be auctioned off on today, July 28 at 1 PM.

Have a few million to blow? Check the realtors' description of the residence after the jump.

"This stunning 5,200 SF duplex loft boasts 20 foot ceilings in the living room, 4 bedrooms and 4 baths on Tribecas best block," realtors wrote on the listing. "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!!"

That sounds pretty fancy to us. Once again, this is all the product of past financial woes that Dash is hoping to move beyond. In 2008, he stopped paying a whopping mortgage of $78,504.20-per-month and at one point had to take out a $7.3 million loan to keep this loft (and another on Laight Street) up and running. He has been frantically trying to sell the property before going to auction, but it eventually got to the point where the city had to step in and take a loss on his toxic investment.