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Top 5 Manhattan Distressed Properties with Highest Mortgage Amount in 2009

Here are what we found to be the top 5 Manhattan properties (by mortgage amount) with a lis pendens filed against them. The rental apartment buildings at 2225 5 Avenue and 2171 Madison Avenue shared the highest mortgage amount among the distressed properties in Manhattan for 2009. The mortgage was for $225,000,000.

Properties reportedly owned by the London-based investment bank, Dawnay Day, came up in second place with a mortgage amount of $215,000,000. The bank made a big acquisition campaign in East Harlem back in 2007, as the Times Online reports in an article.

(Note: We defined distressed properties as properties which have a lis pendens filed against in 2009.)

2225-5-Avenue 2225 Fifth Avenue, New York

Mortgage Amount: $225,000,000
Lis Pendens Date: 2/3/2009
Mortgage Date: 12/21/2006
Note: Shares lien with 2171 Madison Avenue

411-E-118-Street 411 E 118 Street, New York

Mortgage Amount: $215,000,000
Lis Pendens Date: 9/10/2009
Mortgage Date: 3/19/2007
Note: Shares lien with over 20 other properties.

720-5-Avenue 720 Fifth Avenue, New York

Mortgage Amount: $165,000,000
Lis Pendens Date: 1/30/2009
Mortgage Date: 10/20/2006

115-W-40-Street 115 W 40 Street, New York

Mortgage Amount: $160,000,000
Lis Pendens Date: 12/14/2009
Mortgage Date: 4/2/2007

614-Lexington-Avenue 614 Lexington Avenue, New York

Mortgage Amount: $145,000,000
Lis Pendens Date: 7/14/2009
Mortgage Date: 8/1/2007

View current properties in distress in our Manhattan foreclosure section.