Courts roundup: $7.5M Murray Hill retail pre-foreclosure; $5M LIC construction suit

$7.5M retail pre-foreclosure in Murray Hill: Lender Stillwater Asset Management’s entity filed the pre-foreclosure suit related to a $7.5 million loan secured by a retail condominium unit with 11,724 square feet in the Murray Hill Terrace condominium at 201-205 East 36th Street, that has an alternate address of 543 Third Avenue. The unit owner is the original developer of the condominium in 1985. Prior to this suit, the condo board recorded a $540,524 lien of common charges against the unit in September 2021. LINK

Court records represent the positions of one party and are not necessarily accurate or complete.

LIC developer seeks $5M over alleged faulty car park mechanism: The plaintiff, developer Anthony Hu’s Eastern Star Development, alleges it paid at least $1 million for the construction and installation of a multi-floor automated parking lift system with a 32-parking space capacity at the Star Tower Condominium, a luxury condominium building located at 27-17 42nd Road. The suit alleges the mechanism is defective and needs to be rebuilt, and is suing for $5 million. LINK