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NYC Condo Sponsor Defect Case: Court Ruling a Game-Changer for Boards

/ Owner - May 17, 2024

In a significant decision for New York condo boards and property managers, the Supreme Court of the State of New York, County of New York, denied a motion to dismiss a lawsuit brought by the Board of Managers of the 443 Greenwich Street Condominium against the building’s sponsor and related entities. The case, centered around allegations of fraudulent conveyance and construction defects, holds vital implications for condo associations grappling with sponsor-related issues.   Read the article…………………………….

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