Former New York City Mayor Rudy Giuliani is racing against time to unload his Upper East Side condo, slashing the price by nearly $1 million in a desperate bid to find a buyer.
The embattled former mayor faces the possibility of losing his prized possessions, including his Manhattan home, to settle a defamation lawsuit, The Post has learned.
In August, Ruby Freeman and Shaye Moss, two Georgia election workers who successfully sued Giuliani for more than $140 million, sought a court order to seize his assets.
Among the items targeted: multiple properties, dozens of luxury watches, a Mercedes-Benz and even his prized collection of New York Yankees World Series rings.
“He knows he either has to sell the house quickly or risk losing it in court,” a source told The Post, speaking on condition of anonymity.
This is the third price cut since Giuliani first listed the home in July 2023 for $6.5 million. Despite its prime location and stylish design, the property has remained on the market for over a year, now priced at $5.175 million.
In October 2023, the price dropped to $6.1 million, and again in May 2024, when the property resurfaced for $5.75 million after being briefly taken off the market. Giuliani’s financial problems began to mount after a federal judge dismissed his bankruptcy case last July, leaving him exposed to his creditors.
Now, Freeman and Moss are looking to foreclose on Giuliani’s two apartments: one in New York, worth about $6 million, and another in Palm Beach, Florida, worth about $3.5 million.
“A judgment debtor can only claim a homestead exemption based on that person’s primary residence,” Daniel Gielchinsky, a bankruptcy attorney at DGIM Law, told The Post. “Mr. Giuliani’s New York co-op has been on the market for [over a year]but his high asking price, notoriety surrounding him from various criminal and civil lawsuits, the uncertainty facing the New York City housing market and the condition of the co-op have hindered his ability to sell the co-op.”
“Mr. Giuliani must make a choice between selling one property and keeping the other. It seems that Mr. Giuliani’s choice is to live out the rest of his years in Florida,” Gielchinsky said.
Freeman and Moss, who endured threats after Giuliani accused them of ballot manipulation during the 2020 election, were awarded millions in emotional distress damages.
“This strategy reaches the end of the line here,” they declared, criticizing Giuliani’s history of “evasion, obstruction and outright insubordination.” If the house is not sold quickly, it could become part of the seized assets after a judge rules in October. 8.
Giuliani is also being sued by his former lawyer for unpaid legal fees and faced allegations of financial mismanagement.
In response, Giuliani’s spokesman, Ted Goodman, dismissed the legal action as part of a campaign of harassment. “The appeal of the objectively unreasonable $148 million decision has not even been heard, yet opposing attorneys continue to take steps designed to harass and intimidate the mayor,” Goodman said in an email to Reuters.
“It should not be lost on anyone that Mr. Giuliani has been and will continue to do everything possible to avoid paying his creditors and preserve any assets he may retain, and to tire his creditors with protracted litigation in the forums different,” added Gielchinsky.
The three-bedroom, three-bathroom apartment, listed with Sotheby’s International Realty, boasts a wood-paneled library, a wood-burning fireplace, views of Central Park and a semi-private elevator.
But even with its high ceilings and original architectural details, the long-unsold house reflects the difficulties Giuliani now faces both financially and legally.
Among the more personal items visible in the listed photos is a replica of Joe DiMaggio’s Yankees jersey, a piece signed by the baseball legend and given to Giuliani in 2002. Whether the jersey — and Giuliani’s Yankees rings — will remain in his possession or not. still uncertain.
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