Yesterday, Bloomberg reported (and multiple outlets re-reported) that Water Street Realty Group LLC, the owner of the 52-unit rental building at 133 Water Street in Dumbo, filed for bankruptcy on Tuesday; Water Street Realty was not the original developer of the property—the LLC purchased the Scarano-designed property mid-construction in 2006 for $17.3 million. Over on local blog DumboNYC, there's a discussion going on about what this means for the existing tenants. One commenter warned that utility and service providers may stop showing up if they think they might not get paid.
Water Street Realty, New York Property, Files for Bankruptcy [Bloomberg]
133 Water St. Owners File for Bankruptcy [Brooklyn Eagle]
133 Water Street Files for Bankruptcy [DumboNYC]
Blood in the Water at 133 Water Street [Curbed]
133 Water Half-Rented, Partially Inhabited [Brownstoner]
Dumbo's 133 Water Goes Rental [Brownstoner] GMAP
