Isaac Hager recently lost his stakes in two high-profile properties to bankruptcy sales, but that could be the least of his concerns. The Brooklyn developer has been accused of fraudulently transferring $7.2 million from an entity affiliated with a bankrupt Williamsburg hotel project to shield the money from the property’s creditors, a trustee for the creditors alleges. In a complaint filed in federal court, the trustee, Nat Wasserstein of Lindenwood Associates, alleges the “transfers were
Isaac Hager recently lost his stakes in two high-profile properties to bankruptcy sales, but that could be the least of his concerns. The Brooklyn developer has been accused of fraudulently transferring $7.2 million from an entity affiliated with a bankrupt Williamsburg hotel project to shield the money from the property’s creditors, a trustee for the creditors alleges. In a complaint filed in federal court, the trustee, Nat Wasserstein of Lindenwood Associates, alleges the “transfers were
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Lead by real estate veteran Robert Khodadadian, Skyline Properties 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.