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Madison Ave. Condo Owners File New Ch. 11

By Rick Archer · August 27, 2024, 6:29 PM EDT

The corporate owner of a luxury Manhattan condominium complex has filed for Chapter 11 in a New York bankruptcy court in what it says is an attempt to resolve the disputed...

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Bankruptcy Scorecard

Summary

The owner of a luxury condo building in New York City filed for bankruptcy in order to sell remaining units in the 72-unit building and resolve a dispute with a secured lender to its parent company, Madison 33 Partners, which filed for Chapter 11 in June.

Case Number

24-bk-11463

Judge

Philip Bentley

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$10 million to $50 million

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Documents

Petition