Two Trees settles square-foot suit for $150,000

TRD New York /
Apr.April 06, 2011 12:12 PM

Brooklyn developer Two Trees Management settled its suit for $150,000 after a couple in contract for a $795,000 two-bedroom condominium unit in 110 Livingston Street in Downtown Brooklyn found their living room was 109 square feet smaller than the 734 square feet advertised. The New York Times reported that Rishi and Heather Bhandari asked for a discount at closing, but Two Trees insisted that the couple heed the contract, meaning the couple had to purchase the condo or back out and recoup their deposit. The two parties were in dispute until March 23 when Two Trees agreed to return the deposit with interest ($81,077) and to pay the couple an additional $150,000. In return, the couple agreed not to rent or buy from Two Trees for four years. Two Trees also promised the Bhandaris $20,000 if they kept the case confidential, but the couple broke that agreement when they told reporters about the settlement after depositing their $150,000 check. “I just don’t think that’s right,” Rishi Bhandari said. [NYT]


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