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 Fifth Avenue, New York
Mortgage Amount: $225,000,000
|411 E 118 Street, New York
Mortgage Amount: $215,000,000
|720 Fifth Avenue, New York
Mortgage Amount: $165,000,000
|115 W 40 Street, New York
Mortgage Amount: $160,000,000
|614 Lexington Avenue, New York
Mortgage Amount: $145,000,000
View current properties in distress in our Manhattan foreclosure section.