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Foreclosures of the Future

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The much-PriceChopped house at 150 West 15th Street is in deeper-than-PriceChopper trouble: it could be headed for foreclosure. The lender has filed a lis pendens, the standard start of the foreclosure process, against developer Herzberg Property Group. Herzberg allegedly owes more than $8.5 million. The house, once asking $22 million, was recently sliced to an ask of $16.7 million. Good thing we stopped by while we had the chance. [Real Deal]

150 West 15th Street

150 West 15th Street, New York, NY