A&E Real Estate, one of New York City’s largest private landlords, is facing foreclosure at 1080 Amsterdam Avenue, near Columbia University, after allegedly defaulting on a $29 million loan.  Apex Bank filed suit in Manhattan Supreme Court this week, accusing A&E of missing three months of payments on the mortgage and violating other loan terms, Crain’s reported. Apex is seeking to seize and sell the 20-story, 96-unit tower to recover the $28.3 million still owed, plus interest and fees.  A&E could also be liable for any shortfall if the property’s sale doesn’t cover the debt. The landlord, led by co-founder […]

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