Friday, February 4, 2011

Milbanks buildings get bidder

New York Magazine (via Crains) reports on a Scarsdale investor's bid to buy properties in Kingsbridge formerly owned Milbank Real Estate.

Wells Fargo foreclosed on the buildings in 2009 and they have been added to a city partnership called the Alternative Enforcement Program, meaning they are among the 200 worst in the city.

Now, Steve Finkelstein has put in a $28 million bid to buy and repair the buildings and pay off their debt.

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