building at 243 West 98th Street

An extensive history of mortgage fraud and foreclosures makes financing a purchase at 243 W98th very challenging. Hasn't done wonders for the building's image and finances either.

Some background reading:
http://mortgagefraud.squarespace.com/storage/Lipkin%20et%20al%20%20superseding%20Indictment.pdf

A nice little summary, from The Real Deal:
"In one particularly audacious case, the alleged criminal network is charged with committing fraud related to the purchase of a block of 10 condo apartments at 243 West 98th Street on Manhattan’s Upper West Side — even though the condos were rent-regulated, a fact the group arrested is accused of intentionally omitting."
http://therealdeal.com/issues_articles/how-scammers-make-their-mark/

http://bedbugregistry.com/location/NY/10025-5512/New-York/243%20W%2098th%20St

Those condos that were sold at low prices were all all cash and have RS tenants living in them. I think only one tenant actually purchased his unit. One has litigation tied to it so it was pulled, there's still a few left but they are part of NYC's shadow inventory.

I was wondering why the price is so low for the neighborhood and size. I found a court document regarding fraud by some of the owners:
http://static1.1.sqspcdn.com/static/f/11960/915220/1184274827647/Lipkin+et+al++superseding+Indictment.pdf?
token=mMePWfogCWDsXWaah0gDoqqz8NU%3D

Also, there appears to be a business which has the same address: http://www.byanyc.org