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27THEBELNORD facebookJumbo.
By 2015, Mr. Barnett was out of the picture, in a deal worth a reported $575 million. Like everything else at the Belnord, the terms of Mr. Barnett’s mortgage had been problematic, and for a time, after he stopped making the loan payments, the city classified the property as “distressed.” (The calculus of the building’s debt and its rental revenue ...

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