Foreclosed, bankrupt, and leaning
Pros
Proximity to NYC ferry.
Cons
The landlord has been evading foreclosure since a case was open with a debt of 1.8 million. You can find all the details of this case through the Queens County Court. On top of that, the building has a major degree tilt due to settling and possibly the construction occurring next to it (as of October 2021). There are also huge rats coming in and out of the commercial unit on the first floor of the building. Finally, the landlord has been ordered to not receive payments but continues to do so despite a receiver having been appointed as of February 2022. The landlord declared bankruptcy in late April prior to losing the building which was to be held at auction. The landlord maintains the building to cover up the real problems facing its financial failures and foundational cracks.
Advice to the owners
Stop listing these properties and renting them without first telling tenants about the history of problems within this building, this is illegal. No one deserves to live somewhere without first knowing the true conditions of such a place.
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