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Foreclosure lawsuit settled at Jeff Sutton’s 29 West 34th Street
['Simon Galkevich']
New York - The Real Deal
And the winner is…A high-stakes foreclosure dispute over Jeff Sutton’s Herald Square retail property at 29 West 34th Street has come to an end.
The court-appointed receiver, Ian Lagowitz, will be discharged, and control of the property will be immediately returned to Jeff Sutton’s 29 West 34 Owner LLC, according to legal filings.
On Aug. 5, attorneys representing key parties — 29 West 34 Owner LLC, the new lender and the court-appointed receiver — signed a stipulation to settle the case.
Court records show Helaba assigned the mortgage package on July 17 to 29 W. 34th Street Holdings LLC, which immediately reassigned the debt to 29 W. 34th Street Lender LLC.
SIGN UPAfter issuing formal notices of default over unpaid real estate taxes in early 2025, Helaba filed a foreclosure action that September.