Ezra Unger faces foreclosure again on South Williamsburg condo project – Robert Khodadadian

, Ezra Unger faces foreclosure again on South Williamsburg condo project – Robert Khodadadian, Robert Khodadadian

Ezra Unger is once again facing foreclosure on his nearly finished luxury condo development in South Williamsburg. DW Partners restarted the foreclosure process on 427 Marcy Avenue, a 25-unit project intended to house Hasidic families. Unger’s company owes $31.5 million in unpaid debt, the lender claims. New York-based DW Partners first tried to foreclose on the property late last year, but was stalled by two last-minute lawsuits. One was filed by Unger, who argued the

 Ezra Unger is once again facing foreclosure on his nearly finished luxury condo development in South Williamsburg. DW Partners restarted the foreclosure process on 427 Marcy Avenue, a 25-unit project intended to house Hasidic families. Unger’s company owes $31.5 million in unpaid debt, the lender claims. New York-based DW Partners first tried to foreclose on the property late last year, but was stalled by two last-minute lawsuits. One was filed by Unger, who argued the
The post Ezra Unger faces foreclosure again on South Williamsburg condo project appeared first on New York.  Commercial Real Estate, Home Page, foreclosures, lawsuit, Williamsburg The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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