Five East Harlem buildings face $30.6M in Nov. 10 auctions
Five East Harlem apartment buildings, 150 units, go to referee auction Nov. 10 on $30,622,095 in judgments. All five loans trace to one 2019 lender chain.
Five East Harlem apartment buildings with 150 residential units go to public auction on Nov. 10, on judgments that add up to $30,622,095.40. The owners are five separate LLCs, but the lender side is one family of 2019 bond trusts, so one pool of loans is coming due at once.
Why it matters
A referee will sell all five at the New York County Courthouse at 2:15 p.m. Referee Clark Whitsett is named in each notice, which first ran in the Amsterdam News on Oct. 8. Each owner is an LLC named for its address, such as 411 East 118 LLC and 122 East 103 LLC. The records we pulled name no shared principal.
The one tie is on the lender side. In all five, a bond trustee sues for Wells Fargo Commercial Mortgage Securities multifamily certificates: Wilmington Trust under Series 2019-SB60 at three buildings, U.S. Bank under Series 2019-SB68 at two. ACRIS shows each loan passing from Freddie Mac to the trustee in 2019.
In a sibling case today, a Lichter-owned Upper West Side building faces the same Nov. 10 sale date.
The numbers
- 411 East 118th Street: $9,778,359.34, 41 units, index 850203/2024.
- 204 East 112th Street: $7,830,885.16, 35 residential units, index 850218/2024.
- 2371 2nd Avenue: $5,523,727.02, 34 residential units, index 850204/2024.
- 122 East 103rd Street: $4,710,408.21, 24 units, index 850217/2024.
- 233 East 111th Street: $2,778,715.67, 16 units, index 850219/2024.
Unit counts come from city tax-lot data. Divided across all 150 units, the judgments average about $204,000 per residential unit (our calculation). Judgments were entered in March 2026, and consent orders in July extended the sale deadlines.
One owner shows up on a city watchlist. The Public Advocate’s 2025 Worst Landlord list carries 122 East 103 LLC, with Mark Furman as officer and 121 open HPD violations. We did not find the other four on that list.
What’s next
Auctions are pending, not completed. Sales can be adjourned, settled or canceled before Nov. 10. We will check the New York County docket for outcomes and for any buyer after the sale, and will report the winning bids if they are recorded.
Related: New York market coverage.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS shows Freddie Mac assigned the mortgages on all five buildings to bond trustees in 2019: U.S. Bank at 411 East 118th Street and 2371 2nd Avenue, Wilmington Trust at 204 East 112th, 122 East 103rd and 233 East 111th.View the record on a836-acris.nyc.gov
- Public recordAt 204 East 112th Street the mortgage chain runs Sabal Capital II, Sabal TL1, Freddie Mac, then the Wilmington Trust trustee, all recorded between January and April 2019.View the record on a836-acris.nyc.gov
Sources
- NYC City Register (ACRIS)Assignment of mortgage, Freddie Mac to U.S. Bank trustee, 411 East 118th Street, recorded 2019-11-27
- NYC City Register (ACRIS)Assignment of mortgage, Freddie Mac to Wilmington Trust trustee, 204 East 112th Street, recorded 2019-04-01
- NYC City Register (ACRIS)Assignment of mortgage, Freddie Mac to U.S. Bank trustee, 2371 2nd Avenue, recorded 2019-11-29
- NYC City Register (ACRIS)Assignment of mortgage, Freddie Mac to Wilmington Trust trustee, 122 East 103rd Street, recorded 2019-04-01
- NYC City Register (ACRIS)Assignment of mortgage, Freddie Mac to Wilmington Trust trustee, 233 East 111th Street, recorded 2019-04-01
- NYC Department of City PlanningPLUTO tax lot data for the five East Harlem lots