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Judge rejects Greystone’s motion to dismiss condo conversion fraud case

From left: Jeffrey Simpson and Jared Chassen with 164 West 74th Street, Judge rejects Greystone’s — From left: Jeffrey Simpson and Jared Chassen with 164 West 74th Street (Street Easy, iStock)

Source: The Real Deal

Greystone’s bid to dismiss a fraud claim was rejected last week in its latest troubles over a condo-conversion project at 164 West 74th Street. A group of real estate investors alleged in a January 2021 complaint filed with the New York County Supreme Court that Greystone duped them into contributing millions of dollars based on an artificially deflated budget and project timeline. In 2015, real estate development and investment firm Prime Rok picked up 164

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