Charles Cohen facing another Midtown foreclosure suit
It seems billionaire Charles Cohen can’t catch a break. U.S. Bank has filed to foreclose on 222 East 59th Street, part of Cohen Brothers Realty’s holdings. The lender says the borrower defaulted in September and has failed to pay its bills. The Cohen Brothers affiliate took out $7.5 million connected to the property in 2015, according to the complaint. Although the building on East 59th Street is among his smaller properties, it’s the latest thorn in Cohen’s side. The billionaire has been fighting and sometimes losing foreclosure battles, personally owing Fortress Credit $187 million. The property is a 5-story, 45,000 […]
This article originally appeared on The Real Deal. Click here to read the full story.
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