Wealthy hedgefunder Gregg Hymowitz in legal row with neighbour
The Manhattan Supreme Court has reportedly slapped Gregg Hymowitz, pictured, with a temporary restraining order
A wealthy hedgefunder is at the centre of a row with his neighbour over plans for a bowling alley in his $23 million townhouse.
Gregg Hymowitz had been excavating the basement of his Upper East Side home to make way for the new facility.
But Hemant and Varsha Shah claim the digging has damaging their neighbouring property, and say they are now facing a $5million bill for repairs.
A judge has reportedly slapped Hymowitz with a temporary restraining order, according to the Daily Post.
The ruling has stopped all work on the bowling alley until a full hearing can take place at Manhattan Supreme Court.
The Shah's $42 million home was built in 1903 for stockbroker Henry Goldschmid
In court papers they claim the work to Hymowitz's basement has caused the foundations of their 22 room home to shift.
They also alleged that it has caused their basement to fill with water and cracks to appear in the walls and floor of their home.
As a result the Shah's were said to have called in their own structural engineer to their 64th Street home.
It is alleged that the engineer noticed that the excavation of Hymowitz's basement appeared different to the plans submitted in 2013.
The Shah's had been planning to sell their century-old home, which features 10 fireplaces, but have now been forced to pull it off the market, according to the Daily Post.
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ShareHymowitz is a co-founder and Managing Partner of EnTrust Capital Fund of Funds.
According to his website, before the Harvard graduate launched EnTrust, he was a vice president at Goldman, Sachs & Co.
The temporary restraining order lasts until June 30, when a full hearing will take place.
My Hymowitz has been contacted by the MailOnline for comment.
Hedgefunder Gregg Hymowitz is at the centre of legal battle with his neighbours Hemant and Varsha Shah over his plans to build a bowling alley.
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