Sale at 22 East 82nd Street #C2

Yes. The condo's slapped a lien for $34,000+ in unpaid CCs against the broker-owner. They'll be glad to see his two cellar units sell. He's also done this at the Ansonia and some other condo I don't remember.

According to the photos, he's never even finished the kitchen/bar niche & he's asking WHAT? Lordy!

@ NWT ...you mean Madie purchased other places, half-a$$ renovated them, and then dafaulted?

Yes. He's a flipper, but has a tendency to not pay his CCs until he sells. Started at the Ansonia when nobody would touch it, then at the troubled 240 W 98th, and here with these cellar units.

That's the broad outline, but the detail's on ACRIS. Uses his own name rather than an LLC. (After all, those're what? $500 a pop?)

Wow, I'll be he has a great reputation!

I don't know about his reputation. Somebody who bought from him at the Ansonia and had him do the renovation might have an opinion. Or so says eCourts.

It's tough for the fellow condo owners, having to carry someone for months or years, but that's part of the deal.

Wait, is it customary for investors doing overhauls on units to not pay their MMs? If so, I just learned something! :)

I wouldn't say customary, but it does happen. It can be a pricey way to borrow money, what with late fees, interest, and reimbursing the condo for its legal fees, but if you're strapped for cash it's always an option.

You'd think the lien being a public record would be a deterrent, but not for everybody.

Wouldn't that wreak havoc on your credit and make any future home purchases (assuming financing is needed or you're buying a coop) less likely?