Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Stuyvesant Town Gears Up For Foreclosure Sale
By
Jen Chung
Published Jun 23, 2010
Modified Jun 23, 2010
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Jun 23, 2010
Modified Jun 23, 2010
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Nearly four years after being sold for $5.4 billion, Stuyvesant Town headed into a foreclosure sale—CityRoom reports that Judge Alvin Hellerstein "issued the long awaited foreclosure order against the owner of the complexes, a partnership of Tishman Speyer Properties and BlackRock Realty, which defaulted on a $3 billion mortgage early this year... the partnership now owes $3.67 billion, according to court records." Tenants are interested in buying the property, as are some investors; one investor, Wilbur Ross, said, "We will bid only if and when we can do so in concert with the tenants. Any proposal that materially disrupts the tenancy and lifestyle there would be inappropriate and impractical. This is not just a place card in a Monopoly game."
Tagged
foreclosure
peter cooper village
real estate
Stuyvesant Town
tishman speyer
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Bronx community hosts vigil for boy killed in e-bike fire
Zion Maine died Wednesday after a lithium-ion battery ignited, killing him and injuring four members of his family.
By
Carol Chen
Published Oct 29, 2026 at 9:22 p.m. ET
8 people charged in $7M SNAP benefit fraud scheme
The scam impacted thousands of people, according to the Manhattan district attorney’s office.
By
Giulia Heyward
News
8 people charged in $7M SNAP benefit fraud scheme
The scam impacted thousands of people, according to the Manhattan district attorney’s office.
By
Giulia Heyward
California man was shot by a NJ detective in Moonachie, officials say
By
Kaya Laterman
The NYPD is confiscating e-bikes along a clogged East Village street
By
Willow Higgins
New Yorkers enrolled in SNAP will get more money for fresh produce next year
By
Giulia Heyward
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .