NY AG bans Brooklyn developer for six years over misused buyer funds
Brooklyn developer and aspiring airline mogul Ezra Unger has been banned from selling condos in New York state for six years. An investigation by the New York Attorney General’s office found that Unger sold units and collected payments from buyers for a condo project at 427 Marcy Avenue in Williamsburg before the AG approved a condo offering plan for the property. Plans were first filed to develop the site in 2015, and Unger filed for an offering plan in 2021, but it was not approved. Unger then used buyers’ down payments to pay other expenses, rather than holding the funds […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Cushman, Newmark win REBNY Retail Deal of the Year
Awards
STK steakhouse chain cooks up lawsuit in Union
Square
Hamptons’ Community Housing Fund crosses major
milestone
Why So Many Sellers Are Cutting Their Price Right
Now
Mortgage Rate Lock-In Effect: What It Means If You Want to
Move
George Comfort corrals $386M loan to refinance 200
Madison
Tish James seeks to silence whistleblower, REBNY in Peak
lawsuit
The Housing Market Correction Is Spreading
The Rental Market Wasn’t Built For Creators. This Startup
Wants To Change That
The Height Of Now: Nine Extraordinary New Homes Around The
World
