Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Yitzchak Tessler Faces Foreclosure at 260 Park Ave South | Real Estate News
Developer Yitzchak Tessler is in legal trouble over a $675K common charge bill at 260 Park Avenue South, where his commercial tenants include a wine store, spa, and FedEx — but this isn’t his first rodeo: a city tax lien for $225K and an ongoing bank lawsuit loom. Once a billionaire real estate titan who redeveloped the building into 109 condos back in 2006, Tessler’s empire has slowed — with past foreclosures at 172 Madison Ave and even a foreclosure threat at his recently sold Williamsburg property (now poised for rezoning). He’s stayed silent on the current case. Listen in comfort:Get a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.