Shoddy construction from circa 2006, the real boom times in Williamsburg condo construction. Based on the number of condos that went up between 2004 and 2008, the fast pace of construction and low level of oversight, this is probably not an outlier.
Schneiderman is seeking $1.3 million in payback for unit owners – to cover the alleged damage and $75,000 in legal and professional fees – as well as an $85,000 penalty that would go to the state, and an order that would effectively permanently ban Schwartz from selling condos in New York State.
[via Brownstoner]