So for the price of an island, you can also own an apartment in Manhattan. Damn! The recent sale marks the highest price in Manhattan’s real estate history. ”
With eight bedrooms, 10 bathrooms, formal and informal dining rooms and sweeping terraces, there is about 10,000 square feet of interior space — valued at about $5,250 per square foot, Miller said. The real estate taxes alone on the transaction came to nearly $1.5 million.” According to CNNmoney.com
The Startribune reports that Jeffrey Wirth went to court Friday and pleaded guilty to tax evasion. Sentencing is set for a later date. Here is an exerpt from the article:
“The 53-year-old Plymouth man was indicted in August 2011 along with his ex-wife, Holly Damiani, and tax preparer, Michael James Murry, for defrauding the Internal Revenue Service by failing to pay their true tax obligatioins.
As a result, Wirth underpaid his tax obligation by $2.5 million to $7 million. Part of his plea involves paying an unspecified amount of restitution to the IRS.
Last week, Damiani pleaded guilty to one count of filing a false federal individual income tax return. She awaits sentencing. Murry’s case is pending
It sounds like the creator of legendary songs such as Purple Rain will continue to own property in Chanhassen, MN. One of Prince’s business managers, Kiran Sharma, stated that Prince sent in full payment to the bank a few days ago.
The great purple one seems to be facing tough financial issues. He is set to lose his 20 acres of land in Chanhassen to a Sheriff’s sale on May 13th unless he forks over enough money to pay back taxes.
This is not the first time Prince has been in financial trouble in Minnesota. Last year, he reportedly paid $1.3million in back and current property taxes to Carver County.
He currently owes about $386,000 to the Bank of New York Mellon Trust Co. This is seams like a drop in the bucket for a famous pop artist like Prince. However, it seems he is a better singer then business man.
The property currently is just the 20 acres with a tennis court and gaurd house locaed on Galpin in Chanhassen, MN. The value is $1.15million down from $1.5 million a year ago according to Carver County records.