Rudy Giuliani Slashes $1.4M Off Price on Manhattan Penthouse After Settling Defamation Case

Rudy Giuliani Slashes $1.4M Off Price on Manhattan Penthouse After Settling Defamation Case

Edited by: TJVNews.com

Rudy Giuliani, the embattled former mayor of New York City, has significantly reduced the asking price for his Upper East Side penthouse, now listed for just under $5.2 million—a steep $1.4 million drop from its previous valuation. As reported by The New York Post on Tuesday, the decision to cut the price comes in the wake of Giuliani’s legal settlement with two defamed Georgia election workers, which had placed many of his most valuable assets at risk.

The recent settlement brought Giuliani’s contentious defamation lawsuit to a close, with a judge ruling that he had “fully satisfied” his obligations under the confidential agreement. The agreement, details of which remain undisclosed, spared Giuliani from having to surrender his prized Manhattan residence, which had been under threat of seizure by plaintiffs Ruby Freeman and Shaye Moss. However, as The New York Post report noted, despite retaining ownership, Giuliani remains committed to selling the home, with Serena Boardman of Sotheby’s International Realty now handling the listing.

Giuliani’s penthouse, located in the prestigious Lenox Hill neighborhood of Manhattan, boasts luxurious amenities rarely found even in Manhattan’s high-end real estate market. As described in The New York Post report, the three-bedroom, three-bathroom residence features a wood-paneled library, a wood-burning fireplace, and a glass-enclosed conservatory. The property, part of a historic Gothic-inspired terra cotta and brick building constructed in 1906, offers sweeping views of Central Park. The building, which received landmark status in 1977, is a white-glove co-op that provides a full team of porters, a resident manager, and door attendants, with monthly maintenance fees totaling $10,934.

According to the information provided in The New York Post, Giuliani has attempted to sell the property multiple times, first listing it in the summer of 2023 for $6.3 million. Since then, the penthouse has undergone three separate price reductions, reflecting Giuliani’s urgent need for liquidity as he grapples with mounting legal expenses.

Prior to finalizing his settlement with Freeman and Moss, Giuliani made a last-ditch effort to sell the penthouse at a $1 million discount in hopes of preventing its potential seizure. The two Georgia election workers successfully sued Giuliani for defamation in December 2023, securing a judgment of over $140 million after he falsely accused them of ballot tampering during the 2020 presidential election. As detailed in the report at The New York Post, the court had previously authorized the plaintiffs to pursue Giuliani’s assets, including his New York residence, a Palm Beach condo, luxury watches, vintage Mercedes-Benz vehicles, and valuable Yankees memorabilia.

However, in a surprising turn of events, Giuliani and the plaintiffs struck a confidential deal earlier this year, allowing him to keep his assets in exchange for an undisclosed amount of compensation. According to The New York Post report, this agreement marked an unexpected resolution to a case that had threatened to financially devastate the former Trump attorney.

One of the more notable features of Giuliani’s penthouse, as previously showcased in listing photos, is his signed replica of Joe DiMaggio’s Yankees jersey, a keepsake gifted to him in 2002. The report in The New York Post highlighted this memorabilia as part of a broader collection of valuable items that had been targeted for seizure by Freeman and Moss before the settlement was reached.

Despite the financial reprieve provided by his legal settlement, Giuliani’s decision to push forward with selling his Manhattan home signals that his financial troubles are far from over. As The New York Post reported, the former mayor remains entangled in a series of ongoing legal battles that continue to drain his resources. With his once-prized penthouse lingering on the market and its price continuing to drop, Giuliani’s financial future remains uncertain, even as he works to distance himself from the fallout of his high-profile defamation case.