Tag Archives: 5 on the Park

Harlem’s Lenox Condominium developer is sued by owners

The board of managers of the Lenox condo building at 360 Lenox Avenue in Upper Manhattan is suing the former sponsor, an entity controlled by Lewis Futterman’s Uptown Partners, over claims that the property is riddled with building code violations and rife with construction defects.

The suit was filed Dec. 31 in New York State Supreme Court.  Per the filing, the developer failed to provide residents who bought off floor plans in 2006 with units that met the guidelines of the original offering plan.  Unit owners have spent up to $260,000 for repairs.  An additional $4 million is required.  The board is seeking a judgment against the sponsor for damages for fraud and breach of contract.

The 77-unit, 12-story building launched sales in 2006.  The sponsors filed for bankruptcy protection in 2009. Sales relaunched when the sponsor came to a deal with its lender in 2011.

Futterman also developed 5 on the Park Condominium.

via Lenox Condominium | Uptown Partners | Lewis Futterman.