Calling Sherlock Holmes

I viewed this apartment several years ago, the ask was 1.8MM: http://streeteasy.com/nyc/sale/189473-condo-125-central-park-north-central-harlem-new-york It caught my eye but for the ask or anywhere near, I was not interested so I placed it on my watch list and forgot about it. Recently while checking on a near by property so I checked in only to find that it had been sold at an amount (1.4MM) that... [more]

I viewed this apartment several years ago, the ask was 1.8MM: http://streeteasy.com/nyc/sale/189473-condo-125-central-park-north-central-harlem-new-york It caught my eye but for the ask or anywhere near, I was not interested so I placed it on my watch list and forgot about it. Recently while checking on a near by property so I checked in only to find that it had been sold at an amount (1.4MM) that would have suited me just fine. I had remembered that there had been problems in the building but could not remember what they were. So who was the luck duck who scooped this purchase you ask? On feb 28, 2012 the East River Mort. Corp. was the buyer. http://streeteasy.com/nyc/closing/2024327 So I'm thinking...who is the Mortgage company? So I Google around and click on this: http://business-bankruptcies.com/cases/east-river-mortgage-corp Is this company filing for chapter 11 two days after this purchase?? There's a story here that I can't untangle that seems very interesting. What is the story of the property today? Anyone got their detective hat on? [less]