Developer feud at luxury Tribeca condo left brokers unpaid, lawsuit claims
At 1 Park Row, it’s not “Buy Now, Pay Later” — it’s “Buy Now, Pay Never,” according to a lawsuit filed against the property’s developer. Corcoran, Corcoran Sunshine Marketing Group and Brown Harris Stevens sued Circle F Capital, the developer behind the 23-story luxury condo building in Tribeca, claiming they never received their full commissions following a $94 million sale and restructuring of the property in December. The alleged unpaid commissions come despite the brokers agreeing to significantly reduce their commission to “accommodate the purported cash problems” of Circle F, according to the complaint filed in New York County Supreme […]
At 1 Park Row, it’s not “Buy Now, Pay Later” — it’s “Buy Now, Pay Never,” according to a lawsuit filed against the property’s developer. Corcoran, Corcoran Sunshine Marketing Group and Brown Harris Stevens sued Circle F Capital, the developer behind the 23-story luxury condo building in Tribeca, claiming they never received their full commissions following a $94 million sale and restructuring of the property in December. The alleged unpaid commissions come despite the brokers agreeing to significantly reduce their commission to “accommodate the purported cash problems” of Circle F, according to the complaint filed in New York County Supreme […]
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