The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

New York City's biggest foreclosure halted as new creditor emerges

It says it is owed money for about US$83m worth of petrol and jet fuel by the apartment's owner

Published Wed, Jul 19, 2017 · 09:50 PM
Share this article.

New York

NEW York's biggest foreclosure auction, for a penthouse at the One57 luxury tower near Central Park, has been halted after a new creditor emerged saying it's owed money - for about US$83 million worth of petrol and jet fuel - by the owner of the apartment.

Unit 79 at the Billionaires' Row tower - bought in 2014 for US$50.9 million - was scheduled to be sold at auction on Wednesday, in a seizure fo…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here