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By Omar Mohammed
Reporter, Economy & Finance
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Former New York City Mayor Rudy Giuliani's Upper East Side co-op apartment in Manhattan has seen its price fall, according to Zillow.
The 3-bedroom, 3-bathrooms property has seen its price go down $800,000 to $5.7 million from when it was listed for sale last year, Zillow data shows.
Giuliani—who led New York during one of the city's worst moments after a terrorist attack on September 11, 2001, that killed nearly 3,000 people after which he was dubbed "America's Mayor"—has been embroiled in a bankruptcy situation after losing a defamation case in Georgia. The verdict ordered him to pay $148 million to two election workers in the state who accused him of falsely saying they had committed electoral fraud during the 2020 presidential election. Creditors have in recent weeks been pushing for the sale of his properties to meet his obligations. Giuliani's has appealed the verdict.
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Newsweek contacted Giuliani's spokesperson for comment via email on Monday.
The property in New York, located near Central Park, was designed by "renowned architects Harde & Short" at the beginning of the 20th century and was categorized as a landmark in 1977, a listing by Sotheby's read.
The property at "45 East 66th Street is distinctive for its magnificent gothic-inspired terra cotta and brick façade," Sotheby's said. "Within a 'monumentally exuberant' edifice, this splendid residence boasts bright, high-floor outlooks and an abundance of sunshine, high ceilings, and beautiful hardwood floors."
The price has fallen from last year when it was put on the market for $6.5 million, according to Zillow. The online real estate platform estimates that should it be bought through mortgage financing, it may cost its new owners roughly $32,200 per month, based on current mortgage rates (7.162 percent) and a 50 percent down payment (required, according to the Zillow listing) with insurance costs of $1,995 and homeowners association fees of $10,933.
Giuliani acquired the property about 20 years ago after he left office for about $4.8 million, The New York Times reported last year.
The property boasts a "semi-private elevator" and a wood-paneled library "with a wood-burning fireplace offers open views up Madison Avenue and to the west," the Sotheby's listing noted. "The Dining Room is further distinguished by its Conservatory. With impressive leaded glass eastern and northern-facing windows, it is marvelously light-filled and ideal for a tranquil breakfast or cozy dinner.
"A massive Primary Bedroom, originally two bedrooms, has open western vistas and ample space for seating. Its very large ensuite windowed bathroom, also originally two bathrooms, is well appointed with a large soaking tub and a separate full-size shower," the listing added. "There are two additional Bedrooms and a shared bathroom."
The co-op is "moments from Central Park and convenient to Madison Avenue's shops and restaurants, as well as to many of the Upper East Side's best schools, museums, and galleries. The building has no summer work rules and permits financing up to 50 [percent]," Sotheby's said. "Pets are welcome."
Update 06/17/24, 2:50 p.m. ET: This article has been updated with additional context.
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