New York State Attorney General Letitia James announced a settlement with 102 Gold Development LLC and its principal, Anthony Morena, based on their failure to provide the comprehensive, no-dollar-limit (NDL) warranty, initially guaranteed to residents, for the roof at the 102 Gold Street condominium in Brooklyn. After the Attorney General’s office initiated its investigation, the developer agreed to pay the condominium board $100,000 to cover the cost of replacing the building’s roof.
“When New Yorkers invest their savings into buying a new home, they deserve to be treated fairly, and not ripped off,” said Attorney General Letitia James. “This company broke its promise to provide a warranty for the roof at 102 Gold Street to homeowners. My office will continue working to hold developers accountable when they fail to honor their promises.”
102 Gold is an 11-unit residential condominium located at 102 Gold Street in Brooklyn. The condominium’s original offering plan clearly states, under “Roof Warranty,” that a “10 Year NDL [no dollar limit] manufacturer’s warranty shall be provided.” Yet, when a resident tried to submit a warranty claim to the roof’s manufacturer, the resident discovered that there was no evidence that 102 Gold Development LLC ever obtained the 10-year NDL manufacturer’s warranty. In its absence, the condominium’s roof would only be covered by the less expensive, default warranty offered by the roof’s manufacturer, which does not cover workmanship errors in installing the roof.
In addition to the $100,000 the developer has already paid to the condominium board, the developer has also paid a $5,000 penalty for failure to provide the promised warranty.
