St. Patrick’s Day Auction!
Laura Kusisto March 7, 2011, 11:17 a.m.
Money management firm Stillwater Capital Partners‘ planned Soho dream suite is up for sale.
The site at 476 Broome Street has a lien of $32.3 million and is scheduled for a foreclosure auction on lucky St. Patrick’s Day, according to Forbes. It was slated to have seven condo units, including two penthouses, a rooftop swimming pool and 4,000 square feet of retail space housing an art store and an art gallery in the lobby, according to Trinity Development’s Web site.
The Soho property was bought in August 2006 for $27 million and financed through a $27.25 million mortgage from BRT Realty Trust, the plaintiff in this foreclosure case, according to PropertyShark.com.
Stillwater, which was acquired last year by Gerova Financial, also owns troubled assets like 523 Greenwich Street, which went into foreclosure with a $17 million mortgage in December, according to Forbes.