New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

NEWSWALK

The Newswalk condominium has had its own private slice of hell for a decade now. Involved in a protracted lawsuit for several years, the 153 unit-owners could be pardoned if they all decided to stay home and hide from the world. The legal battle concerns shoddy construction work by the property’s developer, Shaya Boymelgreen, who began selling apartments there in 2002. Because of excessive leaks, some units became practically unlivable. As Habitat reported in June 2010, the renovation of this aging, former Daily News printing plant in Prospect Heights, Brooklyn, was so stunningly sloppy that the unit-owners filed a lawsuit seeking at least $10 million in damages. (A decision in the case is pending.)

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