TRIBECA, NY — Donald Trump’s longtime lawyer Michael Cohen who is under federal investigation for possible bank fraud and campaign finance violations has purchased a $6.7 million luxury apartment in the heart of Tribeca, according to The Wall Street Journal.
The newspaper reported that Cohen closed on the luxury condo at Witkoff Group, Fisher Brothers and New Valley’s 111 Murray Street Tribeca skyscraper in April. To finance the new 19th-floor, 2,697-square-foot apartment, Cohen has taken a mortgage out from the building’s developers, Steve Witkoff and Howard Lorber, both of whom have ties to Trump, The Journal reported.
Lavish amenities in the glassy condo building include a Turkish bath, two pools, a private dining room, an arcade and even a concierge service that books flights, according to listings of units in the building.
Cohen may have purchased the condo as a tax loophole that allows investors to put off taxes on real estate sales by quickly reinvesting into new properties, though this is not allowed for primary residences and can only be used for investment properties, according to the newspaper.
Recently, Cohen has been living at the Loews’ Regency Hotel in the Upper East Side. His primary residence is the 502 Park Avenue, but The Wall Street Journal reports that unit has been put up as collateral for a debt relating to a taxi business.
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