Boutique condo buildings tied to convicted Westchester developer sell again — for $38M

A real estate data provider appears to have bought two luxury condominium buildings that once belonged to convicted fraudster Michael D’Alessio. In February, Preferred Bank acquired the buildings — 184 East 64th Street and 227 East 67th Street — at bankruptcy auction for $17.5 million and $15 million, respectively. The lender initiated foreclosure proceedings on the properties last year. The bank turned around and sold the Upper East Side properties for a total of just […]

from The Real Deal New York http://bit.ly/2GkAthv

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