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New York

Levy files for bankruptcy on Park Columbus

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Developer Yair Levy has filed for Chapter 11 bankruptcy on Upper West Side condo conversion Park Columbus. YL West 87th Holdings, part of Levy’s YL Real Estate Developers, owes creditor Garrison Investment Group $20 million, according to the bankruptcy filing. The 95-unit Park Columbus, at 101 West 87th Street, has been troubled for months. In March, a subcontractor sued Levy for more than $700,000, alleging that he misappropriated funds for the building. Levy was also a partner in the failed Sheffield57 project.

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Park ColumbusSheffield57Yair Levy