It can be hard to convince the extremely wealthy that they don’t know best. After all, they’ve managed to build/retain/spend a fortune and thereby know a lot of things that other people do not know. Things like who the best interior designers are, where to summer and how to catch a thief. Or at least, the blue-bloods of 740 Park Avenue think they know how to catch a thief, according to the New York Post. Police tell the tabloid that residents’ efforts to halt the wave of thefts which recently hit the building have been “sabotaging” the investigation. Read More
If you’re trying to find a building to burglarize in New York, why waste your time on any of the merely rich co-ops surrounding Central Park? Just cut to the chase and go after the wealthiest of them all.
At least, that seems to be the approach taken by the thief (or thieves), who has carried out a series of burglaries at Manhattan’s snootiest address, according to the New York Post. The limestone godhead is home to more billionaires than any other building in New York. (Famously rich rich guys John Thain, Howard Marks, Stephen Schwarzman and David Koch all live there.) Read More
Building owners hire property managers precisely because they do not want the headache of running a building. Unfortunately for the owners of 11 East Broadway and 128 Mott Street, the decision to hire out the task cost them more trouble (and money) than they ever imagined.
Property manager Kee Lin stole more than $1.5 million by writing unauthorized checks payable to cash and to his own company, AIP Realty Services, Inc. Mr. Lin has plead guilty to first-degree larceny, according to the Manhattan District Attorney’s office. Read More