Looks like El Rushbo is having a tough time saying adios to New York City. He did say on-air he’d sell his property there after NY governor David Paterson proposed a so-called “millionaire’s tax” on residents who make more than $500,000 a year. Looks like Rush is sticking to that pledge, but, he’s been forced to cut the asking price for his Fifth Avenue penthouse to $12.95 million, reports CNN. El Rushbo originally listed the property in March, asking $13.95 million. He bought the 10-room condo at 1049 Fifth Ave. in 1994 under the name of R H Trust, according to city property documents.
Luxury broker Corcoran Group is listing the property that sprawls across nearly 5,000 square feet and two of its terraces overlook Central Park and its famous reservoir. The pre-war property features a double living room; a wood-paneled library; four terraces; enormous baths; and a maid’s room. The general appearance can be described as, well, ornate, with trompe l’oeil ceilings and mural-covered walls. Other lavish features include gold leaf moldings, mahogany floors, upholstered walls and an Italian marble foyer.
So what’s all that worth? For the tax rolls, the city values the property at $1.56 million and says property would rent for more than $26,000 per month.