The Upper East Side’s court-ordered market
Courtroom drama is once again spilling into the Upper East Side’s townhouse market. Earlier this week, an East 73rd Street home at the center of a bitter family dispute traded for roughly $10 million — a discount compared to its 2010 purchase price of $13 million. The sale followed a New York judge’s order compelling bankrupt hedge funder Jason Ader to allow his mother to offload the property after he defaulted on a $13 million loan guaranteed by his late father. Ader’s ordeal isn’t unique in the neighborhood, where generational wealth, failed money moves and high-stakes assets have collided in […]
This article originally appeared on The Real Deal. Click here to read the full story.
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