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De Blasio overvalued Podolsky portfolio by $26M, uncovered docs show

The city’s $173 million purchase of 21 buildings from the Podolsky brothers has attracted scrutiny because of the sellers’ past, their political connections and the price tag itself. A late Monday document dump is poking even more holes in the official version of events. According to 2,000 pages of documents subpoenaed by City Comptroller Scott Stringer, City Hall overvalued the buildings by $26 million using faulty rent assumptions, the New York Post reported. “It’s a […]

source https://therealdeal.com/2019/04/17/de-blasio-overvalued-podolsky-portfolio-by-26m-uncovered-docs-show/

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