A condo owner at 163-165 Prospect Park West in Park Slope says someone at the building’s management company allegedly embezzled the building’s reserve fund. Our tipster sent along this letter from the company, Guardian Property Management of Brooklyn. It reveals that “money may have been misappropriated from certain accounts which it [Guardian] maintains on behalf of its clients.”
Apparently Guardian is looking into the theft, and so is the Brooklyn District Attorney’s office, according to our tipster. When we contacted the D.A.’s office, a spokeswoman said she could neither confirm nor deny Guardian was under investigation.
“There are at least eight other buildings under Guardian management in Brooklyn that also had their funds wiped out, I am told — perhaps even more,” the tipster added. He said that roughly $100,000 had been stolen from his building alone.
The building has 25 apartments. Guardian’s attorney did not return our calls for comment. Click through to see the letter from the management company.
Photo by Kate Leonova for PropertyShark