Thursday, 6 August 2020

Lightstone bought Gowanus parcels for a pittance, seller’s sons allege

When their father’s estate sold an entire city block in Brooklyn for $19 million, brothers Grant and Scott Phillips got a $12.3 million cut. Eight years later, they are in court, fighting for more. The brothers, who stood to inherit the Gowanus property, sued for $130 million, alleging that an appraisal had valued the site at $40 million and that the deal was closed without their knowing the terms, which they claim voids the sale.



source https://therealdeal.com/2020/08/06/brothers-on-12m-inheritance-from-gowanus-sale-it-stinks/

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