Friday, 21 June 2019

Developers of 111 Murray “chilled” buyers into closing: lawsuit

The buyer of a $12.5 million condo at 111 Murray is suing the developers to get out of the deal — and reclaim his $2.5 million deposit. Howard Oestreich paid a $1.25 million initial deposit to buy a 60th floor pad at the Tribeca condo tower in 2015, according to a lawsuit filed Wednesday, plus another $1.25 million when the condo’s offering plan was declared effective. Four years later, however, Oestreich is claiming that “construction […]



source https://therealdeal.com/2019/06/21/developers-of-111-murray-chilled-buyers-into-closing-lawsuit/

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