Spruce Capital accused in suit of selling $21M mansion’s buyer a “death trap”

West Village resident claims the developer hid the defects

TRD New York /
Sep.September 21, 2017 10:00 AM

The buyer of a $20.7 million Greenwich Village mansion accused Spruce Capital Partners of selling a “death trap.”

The developers had redeveloped the six-story building at 116 Waverly Place into a mansion and sold it in August 2016. But in a lawsuit filed Wednesday, the unidentified buyer claims that he or she “discovered numerous and significant defects and deficiencies including, but not limited to, life threatening issues which required substantial and costly emergency repairs,” including mold in the air-conditioning ducts, a gas leak, fungus growth and flickering lights.

The suit alleges that the developers knew about the defects but hid them.

But Spruce Capital’s Robert Schwartz told the New York Post that an inspector went through the property prior to closing and that he is “not aware” of the issues.

The 10,200-square-foot property was originally listed for $34 million.  [NYP]Konrad Putzier


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