The Real Deal New York

United Realty’s Frydman mired in suits over upstate NY home

Contractors accuse real estate exec of failing to pay them

November 17, 2014 05:35PM

frydman

Jacob Frydman

United Realty Trust CEO Jacob Frydman was hit with lawsuits for allegedly failing to pay multiple contractors who worked on his Ledgerock estate in Dutchess County’s Hyde Park.

Frydman has also countersued the contractors over the small amount he was billed. David Wright, a lawyer for APF Fire Protection, claimed that Frydman attempted to force him to drop a lawsuit by threatening to  “litigate me into the ground like I was something he scraped of the bottom of his shoe,” according to the New York Post.

APF Fire Protection claimed that Frydman refused to pay a $6,700 bill. Frydman then countersued for $125,000. He was later ordered to pay $39,000 in legal fees to the contractor. Vineyard Avenue Electric sought an allegedly unpaid $45,000 on a job that cost $700,000. A judge rejected a $1 million countersuit that Frydman filed against Vineyard.

Frydman told the Post that the three liens filed against his six-bedroom home “were all dismissed by the court or vacated without payment being made.” He said the legal disputes are “par for the course … on a project that takes several years to build.”

The United Realty CEO has also been in a legal dispute with his former business partner Eli Verschleiser[NYP]Mark Maurer

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