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Rector Square Investigated!

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Rector Square, aka the Battery Park City Hell Building aka the Gift That Won't Stop Giving (except to those who bought into the condo conversion), has drawn the attention of New York Attorney General Andrew Cuomo. The Real Deal reports Cuomo has opened an investigation into the debacle and is issuing subpoenas for financial records related to the 304-unit building, which is in foreclosure. Topics of concern: Were funds diverted? How is bucket-swinging developer Yair Levy "broke" if he was collecting large sums of rent? Is the building's former managing agent to blame? Etc., etc. [Real Deal; previously]

225 Rector Place

225 Rector Place, New York, NY 10006