Manhattan’s Stuyvesant Town and Peter Cooper Village apartments, the city’s largest residential enclave, could be sold in two pieces under a foreclosure proposal by lenders. Bank of America Corp. and special loan servicer CW Capital Asset Management, acting on behalf of senior creditors, asked for court approval to offer the 80-acre property in either one or two pieces in a foreclosure auction, according to a filing yesterday in US District Court. “The highest and best offer will be determined,” representatives for the creditors said in the filing.
Stuyvesant, Peter Cooper complex may be split in sale
Most Popular Articles
Latest Articles
Judge grants preliminary approval of NAR commission lawsuit settlement
Judge Stephen Bough granted preliminary approval of NAR’s commission lawsuit settlement agreement, with a final approval hearing in November.