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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 […]

source https://therealdeal.com/2019/04/12/boutique-condo-buildings-tied-to-convicted-westchester-developer-sell-again-for-38m/

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