The Ohebshalom family, one of New York’s more controversial landlord clans, is facing foreclosure on its Midtown headquarters after allegedly defaulting on a $12.6 million mortgage tied to 226 East 54th Street. LBC2 Trust, an entity affiliated with Minnesota-based Stillwater Asset Management, filed suit this week in Manhattan Supreme Court, claiming Fred, Benjamin and Jonathan Ohebshalom failed to pay off the loan when it matured in October despite three prior extensions, Crain’s reported. The family still owes about $10.1 million, according to court filings.  Stillwater is asking the court to authorize a public auction if the debt isn’t repaid. The […]

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