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Tribeca Loft Building Hits Market With Hints of Money Troubles

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The units at 1866 loft building 56 Walker Street got a makeover in 2008, with the spruced-up apartments returning to market for between $2.2 million and $2.999 million. Then the building appears to have hit a bump in the road, because all of the listings were pulled from the market in July 2009. The building is now back on the market?and we mean the entire building?for $11,878,000. We're not entirely sure what happened, but there are a few clues. Per the listing, "All offers are subject to approval by the U.S. Bankruptcy Court of the Southern District," and PropertyShark shows several lis pendens filed since the individual apartment listings came off the market. On the plus side for potential buyers, the building's certificate of occupancy is "almost in hand" and there's a second-floor recording studio. Anyone know more about what's happened here behind the scenes?
· Listing: 56 Walker Street [Town]

56 Walker Street

56 Walker Street, New York, NY