Suit says Barnet Liberman not paying his condo fees at Printing House

New York Weekend Edition /
May.May 08, 2022 02:46 PM
The Printing House at 421 Hudson Street. (Compass, Getty)

The Printing House at 421 Hudson Street. (Compass, Getty)

A developer of one of the first commercial-to-residential conversions in New York City history has failed to pay common charges on his penthouse pad in the building he converted, forcing residents there to pick up the tab, the New York Post is reporting.

According to the report citing a lawsuit filed in 2020, Barnet Liberman, who with a partner turned the West Village building previously used to house printing firms into fancy Printing House condo in 1978, hasn’t paid his monthly common charges of $3,160 since January 2019.

An invoice sent to the Libermans in August 2021 that included fines for violating building rules such as leaving packages in the lobby and illegal gas piping to the unit shows a debt of $609,530 owed to the condo, according to court papers.

Liberman, who filed for bankruptcy in 2021, owes $123 million to a bevy of creditors, according to the report, including his wife, children and a pest control company in the Hamptons where he owns a townhouse. He is the principal of Mountbatten, the company which converted the building back in the 1970s and still owns 11 condos within it, which includes 30,000 square feet of space it leases the Equinox gym there. Five of those properties are also subject to a lawsuit filed in March claiming their common charges haven’t been paid.

Liberman told The Post that he only owns his Hamptons property, having transferred ownership of the Printing House apartment to an LLC in 2013 before giving most of the entity to his five children. He also claimed he has paid $35,000 a month in rent to the LLC on the property he said is worth anywhere from $6 million to $20 million.

When owners of condo units stop making common charge payments, other owners have to make up the difference unless they’re able to somehow recover the fees.

[New York Post] — Vince DiMiceli





    Related Articles

    arrow_forward_ios
    Adam Neumann with 515 West Avenue (Wikipedia, Realtor, iStock)
    No buzz, but Adam Neumann will take the $293M
    No buzz, but Adam Neumann will take the $293M
    Photo illustration depicting landlords being outearned by their lenders (iStock)
    More multifamily landlords are making less than their lenders
    More multifamily landlords are making less than their lenders
    RFR's Aby Rosen and 285 Madison Avenue (RFR, iStock)
    RFR seeks extension on 285 Madison loan
    RFR seeks extension on 285 Madison loan
    HNA Group's Guoqing Chen (left), SL Green CEO Marc Holliday (right), and 245 Park Avenue (SL Green, World Travel & Tourism Council - via Wikimedia Commons, LoopNet)
    HNA must pay SL Green fat sum over 245 Park Avenue
    HNA must pay SL Green fat sum over 245 Park Avenue
    A photo illustration of 6 South Oxford Street in Fort Greene (Compass)
    Townhouse set to smash Fort Greene price record
    Townhouse set to smash Fort Greene price record
    Mayor Eric Adams and Extell's Gary Barnett (Photos by Paul Dilakian)
    Real estate’s titans talk building, selling, and reinventing the city
    Real estate’s titans talk building, selling, and reinventing the city
    Ryan Serhant and Bess Freedman (iStock, Illustration by Kevin Cifuentes for The Real Deal)
    Ryan Serhant fires back at Bess Freedman, calls legacy brokerages “scared”
    Ryan Serhant fires back at Bess Freedman, calls legacy brokerages “scared”
    ICSC at Las Vegas (photos by Joe Lovinger and Suzannah Cavanaugh/The Real Deal)
    “Hot girl real estate” reigns at ICSC, Covid be damned
    “Hot girl real estate” reigns at ICSC, Covid be damned
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...