There were no real estate-related bankruptcies filed yesterday in New York City.
There was one commercial mortgage foreclosure filed, for $2.7 million, noted below.
Yoel Goldman seeks to void a $9.2 million confession of judgment he signed in 2020. Goldman alleges the interest rates are usurious and that the defendant has been accused by New York State Attorney General Letitia James of usurious lending to small merchants. Goldman seeks to vacate the confession of judgment filed as 503006/2021 and to void a series of loans from 2020.
The case is 503428/2021 with the title All Year Holdings Limited et al v. Madcap Funding LLC et al.
Buyer alleges owner broke $2.5 million contract to sell Hudson Yards building. The property is 520 Ninth Avenue, a 3,610-square-foot building with three residential units and one commercial unit. The case is 520 9th Ave LLC v. The Mice LLC.
The city alleges dangerous facade at 10-unit building at 2847 Frederick Douglass Boulevard in Central Harlem, claiming the owner has allowed the facade to deteriorate and become a nuisance. The city is seeking an order forcing the owner to repair the building. The building has $2.2 million loan. The case is The City of New York v. 2847 FDB LLC et al.
California lender PS Funding files pre-foreclosure on 20-unit rental in East New York. The property at 179 Milford Street is 8,925 square feet, and has a loan originated in August 2019 for $2.7 million. PS Funding is an affiliate of Peer Street, a lender.