The Beacon Tower

Will the lawsuit settle and what will be the final costs to the current owners?

I live there. Lawsuit has not affected property valuies buying/selling or ability to get mortgaging there.Just look at recent sales/units in contract. DUMBO is hot.

Also, i recently refinanced my mortgage and the bank did not seem to care about the lawsuit.

You're wrong pencap75, no bank will lend there for new purchases or refi with cash out. I had buyers willing to put more than 20% down, with plenty of assets, plenty of income, etc. They tried with every bank under the sun; all the big ones, locals/credit unions, portfolio lenders. There have been no closed sales since the suite. The condo board has completely screwed any owners trying to sell, anyone trying to buy. Its going to end up a building full of renters.

My refi with cash out went fine - you just have to explain the details to your loan officer. Also I notice there are several closed sales just in the past couple of months....I don't know what you are talking about...

Seems the lawsuit isn't much of a problem anymore. Banks got spooked at first, but are ok lending in the building now. Lots of deals closing, purchases and rifis.

Like I said, no problems getting financing in this building. My refinance had no issues.
The building itself is fundamentally fine. Find me one new contruction in this city where the developer isn't involved in some form of litigation. Many units have and are selling with no problems.