Condo board sues VE Equities, Elliman over alleged defects at 250 Bowery (NY)

The condominium board at 250 Bowery filed a lawsuit against developer VE Equities, Morris Adjmi Architects and Douglas Elliman for allegedly selling them shoddy apartments.  In a complaint filed with New York State Supreme Court Thursday, the board alleges that the 24-unit Lower East Side building’s water pipes weren’t properly insulated, leading one of them to burst in February 2016 and flooding several units. As a result of the flood, “almost all of the residential units have been uninhabitable and vacant,” the suit claims.    Read the article…………


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