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 […]

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