Brooklyn developer vanished with $4M in buyer deposits: lawsuit – Robert Khodadadian

A Brooklyn developer is accused of disappearing with more than $4 million in his clients’ money, leaving about 20 immigrant families at risk of eviction. Developer Xi Hui “Steven” Wu took tens or hundreds of thousands from each victim, claiming they were deposits to buy condos at 345 Ovington Avenue in Bay Ridge, according to the lawsuits reported by the New York Post. Wu was supposed to transfer ownership titles to the residents who put

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, bay ridge, Fraud, NYC condo market, Real Estate Lawsuits The Real Deal New York Read More