The Traderszone Network

Published in TZ Latest News 13 March, 2017 by The TZ Newswire Staff

Abyssinian’s fire sale sets off legal spat

Cash-strapped Abyssinian Development sold off 31 properties in a fire sale that is now causing a bitter dispute between the portfolio’s buyers. Andrew Stone, who partnered with Genesis Companies’ Karim Hutson to buy the Harlem portfolio, is accusing Hutson of creating a separate firm to “steal” profits from the apartment buildings and brownstones, the New York Post reported.

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