Townhouse spat highlights broker disclosures

A brouhaha over a proposed condo on the Upper East Side is spotlighting questions over what real estate brokers must disclose about the development potential of a property, including lucrative air rights. A developer wants to demolish a townhouse on 441 East 57th Street and build a 15-story condo in its place. The Corcoran Group represented both the developer and the seller in the townhouse’s seller. more [Sun]