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New York

Residents must stay at 225 Rector Place

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Fox 5’s Christina Park talked to a couple living in YL Equities’ 225 Rector Place who is stuck in the unfinished condo. The couple put a down payment on the apartment, thinking they were getting a deal on buying a unit pre-construction, but YL defaulted on a $165 million loan in the middle of the condo’s construction, and now work has stopped. YL Equities allegedly refuses to return the down payment, and they say they are forced to live in unsafe conditions, and don’t know when the condo will be finished.