Courts roundup: Flushing bankruptcy at property with alleged $52M sale contract, more

Three commercial foreclosure cases, totaling $1.66 million: The cases are at 502 Wilson Avenue, Brooklyn; 4229 Ely Avenue, Bronx and 103-48 96th Street, Ozone Park. Links to cases are in the addresses.

Judgment creditor to New York City real estate investor, Ben Zion Suky, seeks sale of Suky’s home, a residential apartment on the Upper East Side. Plaintiff-judgment creditor seeks the sale of Ben Zion Suky’s residential condo unit on the Upper East Side to satisfy a portion of the $5.48 million judgment entered in 2017. Suky bought the condo for $2.56 million in 2006.

Flushing restaurant bankruptcy at building with alleged $52M contract: A longtime restaurateur filed for bankruptcy protection for the fourth time in six years, in an effort to halt a commercial eviction proceeding at 138-28 Northern Boulevard. The owner of KumGangSan claimed in court papers filed in 2020 as part of a state court action that he had a right of first offer to buy the parcel as a feature of his 20-year lease. He said in that filing that the property owner had a bona fide offer from an entity identified as SMI/DP Plus Property LLC to buy it for $52 million.

The restaurateur wanted to sell his contract rights for $4 million. An order of eviction was signed in September 2019 but was on hold pending an earlier bankruptcy. In January 2021, the warrant was entered and assigned to a city Marshal on February 4, 2021.Holdover