$20M Poe haunt a ‘horror story’
That’s one pricey fixerupper.
The buyer of a $20 million Greenwich Village mansion with four fireplaces and a rooftop pool says the place is a death trap with a gas leak, “fungal growth,” and mold spores.
An LLC purchased 116 Waverly Place in August 2016 from Spruce Capital Partners.
The developers had gutted and reconfigured the six-story apartment building, where literary greats like Edgar Allan Poe and Herman Melville used to gather.
Shortly after the closing, the buyer “discovered numerous and significant defects and deficiencies including, but not limited to, life threatening issues which required substantial and costly emergency repairs,” according to a Manhattan Supreme Court suit filed on Wednesday.
Holes around the second-floor fireplace caused the gas leak, a shoddy installation of the pool led to fungus-covered walls, and the leaky skylights bred mold spores in the AC ducts, court papers say.
The owner also complains of flickering lights, a broken fire-sprinkler system and disconnected drain pipes.
The developers knew about the problems, but concealed them because they were “desperate” to sell the townhouse, which was originally listed for $34 million, according to the lawsuit.
Robert Schwartz, a Spruce Capital founder, noted that the owner had an inspector go through the property before the closing. Of the suit’s complaints, he said: “I’m not aware of any of that.”