This guy became a big time developer on free flowing credit and gullibility of buyers who though real estate was forever rising. This musical chairs game is over and it appears this building was left without a chair. Shaya has more prominent buildings attached to his reputation that are much higher profile (Manhattan) and it appears as he is fighting bankruptcy on all his properties - these folks are surely out of luck.
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This guy became a big time developer on free flowing credit and gullibility of buyers who though real estate was forever rising. This musical chairs game is over and it appears this building was left without a chair. Shaya has more prominent buildings attached to his reputation that are much higher profile (Manhattan) and it appears as he is fighting bankruptcy on all his properties - these folks are surely out of luck.
throwing good money after bad
of course the reporter has no guts to ask are they underwater on their investment home...
sounds like they should have walked away..
Didn't anyone hire a engineer to inspect the proeprty first?
173 condo owners.
173 dumb asses.
Anyone who is stupid enough to buy anything from Pistilli deserves what he/she gets.
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