Sam Suzuki and Number 5 condo

Real estate mogul Sam Suzuki is facing a $3 million lawsuit from the condominium board at his Number 5 development in Midtown, with the board alleging that he committed fraud and negligence in the marketing and sale of apartments at the building.

The suit against Suzuki, principal of Suzuki Capital, was filed last week in New York State Supreme Court in Manhattan. The residential firm Core, previously the broker at Number 5, was named as a defendant, for alleged fraud in the marketing and sale of condo units at the 20-story building, located at 5 East 44th Street. [more]