"NYC and Mass. parking garage collapses raise questions about safety and ownership"

1 min read
Source: New York Post
"NYC and Mass. parking garage collapses raise questions about safety and ownership"
Photo: New York Post
TL;DR Summary

The owners of the Financial District parking garage that collapsed on Tuesday, killing one worker and injuring several others, have been identified as wealthy New Yorkers from ritzy suburbs who have been buying and selling property for decades. The two brothers, Alan and Jeffrey Henick, formed a company named 57 Ann Street Realty Associates and took out a $3 million mortgage in December 1988 to buy the lot. The Manhattan DA’s office has announced an investigation into the collapse, which will likely bring scrutiny on the two mega-rich brothers. Preliminary FDNY reports say the catastrophe was likely caused by the building’s age, as well as the number of cars parked on its top deck.

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