Skip To Content
Fast Forward

Michael Cohen’s Mysterious Manhattan Real Estate Deals Raise Eyebrows

Updated, October 28 3:52p.m.

President Trump’s lawyer and close confidant Michael Cohen has taken a page from his boss’s book in making money off New York real estate – buy low and sell high.

But not all is clear about Cohen’s buying and selling.

A McClatchy investigation published Thursday found four deals that “raised red flags for several experts” who reviewed them. In one case, Cohen bought a small Lower East Side apartment building for $2 million and sold it three years later for $10 million. The assessed value of the building did not increase at this time. The identity of the buyer is not known. In three other cases there was a similar pattern of sale to an LLC whose owners remained anonymous.

Cohen said the buyer of all properties “is a New York real estate family fund that has been around for almost a century” and that the purchase was made in cash for tax deferral purposes.

Jaimie Nawaday, a former federal prosecutor, told McClatchy that “An all cash purchase by an LLC of an overvalued property in Manhattan is usually worth a closer look by federal investigators.”

Contact Nathan Guttman at [email protected] or on Twitter @nathanguttman


Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.