AmBase may try to sell its 111 West 57th Street “interest”

  Does anyone want to buy some lawsuits? AmBase Corporation, an investor in the supertall condominium project 111 West 57th Street, is considering selling its stake, according to a new filing with the U.S. Securities and Exchange Commission. There’s just one catch: AmBase no longer owns a stake following the tower’s August foreclosure. The Connecticut-based holding company is currently fighting the new owners in court, alleging the foreclosure was illegal and that it is owed […]

Source: Real Estate

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