Was Toll Brothers’ UES townhouse fraudulently acquired by the seller?

TRD New York /
Jun.June 20, 2012 03:00 PM

The seller of a Park Avenue property, which Toll Brothers recently purchased for $13 million, duped an elderly man to take title to the townhouse and profit from the proceeds of the sale, according to documents filed in Manhattan Surrogate Court cited by the New York Post. The townhouse, at 1108 Park Avenue, had been owned by Joseph Bogen, who also owned Boghen Pharmacy on the Upper East Side before he died last year at age 91. Shortly after Bogen’s death his family learned that he had left his fortune, including three New York-area properties, to a Polish immigrant, Elzbieta Sztuka, who claimed Bogen had fallen in love with her. But Bogen has a history of dementia, medical records show, and his family claimes he was tricked into handing over the property and other valuables to Sztuka, who is 30 years younger. Sztuka claims that Bogen was alert when he brought lawyers into his home to revise the will.

In the meantime, Sztuka’s daughter lived rent-free in 1108 Park Avenue, while her daughter’s fiance inherited a two-story apartment in the Bronx and a 46-acre farm in Walkill. In March, Toll Brothers acquired the townhouse, along with the neighboring property at 1110 Park Avenue for $29.5 million with plans to demolish the properties and erect a new, 15-story residential development. But neighbors of the properties have been fighting to block the project. [Post]


Related Articles

arrow_forward_ios
Douglas Yearley of Toll Brothers

Homebuilder Toll Brothers looks to higher-earning millennials amid down Q3 results

Well, that escalated fast: A timeline of Trump’s Greenland adventure

2686-2690 Broadway, Hank Fried of Branic International Realty (left), and Doug Yearley of Toll Brothers (Credit: Google Maps, Getty Images, and Toll Brothers)

Toll Brothers buys controversial Marrakech Hotel site for $44M

Toll Brothers' David Von Spreckelsen and 1110 Park Avenue penthouse

Toll sells penthouse at 1110 Park for $17.25M — a 50% discount

David Von Spreckelsen (Photo by Adam Pogoff)

Toll’s David Von Spreckelsen on landing Rem Koolhaas’ OMA

Jersey City’s 90 Columbus hits leasing milestone, Toll Brothers markets spec office building in Hoboken & more North Jersey real estate news

De Blasio solicited campaign funds from Toll Brothers, Park Tower Group in violation of conflicts rules: report

Westchester & Fairfield Cheat Sheet: White Plains developer heads to prison, Marc Jacobs buys in Rye, Tommy Mottola sells in Greenwich… & more

arrow_forward_ios