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building at 313 West 77th Street

Started by NWT
about 13 years ago
Posts: 6643
Member since: Sep 2008
Discussion about 313 West 77th Street in Upper West Side
The building converted to co-op in 1988, with four shareholders (including the sponsor.) It defaulted on its mortgage in 1995, and filed for bankruptcy in 2003. Ten years later, the bankruptcy case is almost settled. The trustee has an offer on the building, but there'll be an auction on 3/21 to see whether anyone can do any better. The ad is on page 10 of tomorrow's RE section. The stipulation which got the last shareholder out of the building is at http://bit.ly/YKZCmk . Exhibit A is the interesting background and litigation history.
Response by nyc10023
about 13 years ago
Posts: 7614
Member since: Nov 2008

Yeah, I went to see the bldg a year ago. Gut job, no details left. Given the high price achieved by 317, I can see investor-flippers' interest.

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