New York City Apartment Complex Developer Loses Second Tower In Month

February 2, 2010 by Neil · Leave a Comment

Yair Levy’s development firm, YL Real Estate Developers, defaulted on its $165 million mortgage on Rector Square, a failed 303-unit condo conversion in Battery Park City. Levy attempted to buy time for Rector Square, located at 225 Rector Place, by bringing a lawsuit against lender Anglo Irish Banking Corp., alleging the lender did not comply [...]

Tagged: 225 rector place, anglo irish, anglo irish banking corp, battery park city, condo, failed condo development, ice bucket, manhattan failed condo conversion, rector square, yair levy, yl real estate developers

Which New York City Multifamily Developer Faces Another Foreclosure?

January 16, 2010 by Neil · Leave a Comment

This week, the lender on the Park Columbus Project, located at at 101 West 87th Street, got the green light to proceed with its foreclosure action against the delinquent developer. The lender joins the many creditors chasing after the developer: contractors and suppliers have several million dollars worth of mechanics’ liens levied against the property.
The [...]

Tagged: 101 w 87th st, 101 west 87th street, 225 rector place, apartment complex, battery park city, columbus green, condo, foreclosure, kent swig, related, sheffield57, yair levy

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New York City Apartment Complex Developer Loses Second Tower In Month

Which New York City Multifamily Developer Faces Another Foreclosure?

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