Manhattan
$50 MILLION TAB ON HARLEM MORTGAGE DEFAULTS
Kemba Johnson |
A high-stakes Harlem real estate scheme has now run up a $50 million bill–a hot potato between the federal housing department and the two banks that hold the failing mortgages.
A high-stakes Harlem real estate scheme has now run up a $50 million bill–a hot potato between the federal housing department and the two banks that hold the failing mortgages.
Politicians and straphangers’ advocates are cheering the new subway connector that will boost E and F train service–but this big step forward means two steps back for the lowly G train, and a much longer trip for central Brooklyn residents.