Tuesday 27 October 2020

Under water: Shipping magnate’s troubled UES condo is bankrupt

After a yearlong deadlock that saw its property on the verge of financial ruin, the sponsor of a six-unit condo at 40 East 72nd Street is officially bankrupt. Axia Realty LLC filed for Chapter 11 bankruptcy protection on Monday, with 50 percent equity owner Antonia Milonas acting as sole manager. The owner of the other 50 percent, Antonia’s husband Spiros Milonas, was “judicially declared unable to manage his own affairs” in August under the Mental



source https://therealdeal.com/2020/10/27/under-water-shipping-magnates-troubled-ues-condo-is-bankrupt/

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