I might have an answer for it.
My bet would be, that the Bank isn't going to do anything ILLEGAL.
Especially if you signed the papers.
Units are still available at 36 Gramercy. Many of the units were snapped up by insiders (e.g. existing tenants) at prices of approximately $1800/sf, but the existing market- ... more
So if you can provide some more info that would be great.
I am sure the NY Trulia voices will chime in with better information, but I found this article that you might find helpful.
http://www.nytimes.com/2005/02/13/realestate/13 ... more