Former Sponsor Sued By Harlem Condo Board

January 6, 2014

20448_201210241107am.1-thumbWhen last we heard from The Lenox—one of Harlem’s first market-rate condos when it launched sales way back in 2006—the residents were kvetching about the possibility of a Pioneer opening on the ground floor. Now, they’re going to war with former sponsor Lewis Futterman , alleging a list of building code violations, construction defects, and fraud in a suit filed in the state Supreme Court on December 31st.

The Lenox’s condo board claims that the building has “fundamental structural flaws, a defective roof and pervasive leakage,” and that the units bought by residents in 2006 did not match the original offering plan. Futterman’s sponsorship entity Residents have paid $260,000 for repairs, but are seeking at least $4 million in damages.

Since Futterman’s sponsorship entity filed for bankruptcy protection in 2010, the board also claims that Futterman defrauded residents by transferring ownership of unsold sponsor units to his own company Uptown Partners, in order to avoid paying for repairs.

“Uptown Partners and the sponsor is one and the same,” said the attorney for the board. “This is a scheme to make sure that the condo unit owners are going to have to pay for these repairs when, in fact, it’s the responsibility of the sponsor.” [source]



By submitting this form, you are consenting to receive marketing emails from: Harlem World Magazine, 2521 1/2 west 42nd street, Los Angeles, CA, 90008, https://www.harlemworldmagazine.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
We're your source for local coverage, we count on your support. SUPPORT US!
Your support is crucial in maintaining a healthy democracy and quality journalism. With your contribution, we can continue to provide engaging news and free access to all.
accepted credit cards

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles