1st Bridge LLC v. 682 Jamaica Avenue, LLC et al

Filing 36

ORDER ADOPTING 35 REPORT AND RECOMMENDATIONS of Magistrate Judge Go. The court enters judgment in favor of Plaintiff as follows: (1) The court enters judgment against Defendant Mercedes Vargas, but only to the extent of declaring her lease null an d void and terminating her interest in the real property in dispute, 682 Jamaica Avenue, Brooklyn, New York; (2) The court enters judgment against Defendants 682 Jamaica Avenue, LLC and Domingo Madrid for $550,000.00 in principal on the mortgage ; $129,220.00 in interest; $33,000.00 in late fees; $1,500.00 for property inspection fees; $3,900.00 in attorneys' fees; $1,350.00 in costs; less $10,000.00 for escrow held by Plaintiff; for a total amount of $ ;708,970.00; (3) The court awards Plaintiff post-judgment interest on the amount of $669,220.00, running from February 7, 2010, pursuant to 28 U.S.C. § 1961; (4) The court bars and forecloses Defendants from all right, title, claim, interes t, lien, and equity in 682 Jamaica Avenue, Brooklyn, New York; (5) The court orders the foreclosure and sale of 682 Jamaica A venue, Brooklyn, New York consistent with the procedures outlined in Judge Go's R&R. Ordered by Judge Nicholas G. Garaufis on 11/3/2010. (fwd'd for jgm) (Lee, Tiffeny)