February 8, 2016
Judge rules Ravi and Suzanne Yadav can proceed with fence plans.
It may have not reached Hatfield and McCoy proportions, but the feud between millionaires over one foot of property on the Upper East Side is over — at least for now.
A Manhattan judge said Ravi Yadav, a Soros Fund Management Fund partner, and his wife Suzanne can go forward with their plans for a fence at their townhouse at 63 East 92nd Street.
The Yadavs paid $8.1 million for their home in 2012 and right away began renovating the 3,535-square-foot property. Their neighbor, Philippe Delouvrier, who had been using an iron fence to enclose a small proportion of his 92nd property for 20 years, objected to the Yadavs’ chosen material and took them to court in March 2015, the New York Post reported.
Delouvrier claimed “squatter’s rights,” but Judge Nancy Bannon ruled last week “no facts are pled to support such allegations.”
The deed shows Delouvrier’s fence encroached on the Yadavs’ property by 12 inches, the Post reported.
The Yadavs’ attorney, Adam Leitman Bailey, told the Post his clients “are extremely happy that the judge got it right and have no ill will towards their adversary. They’re looking forward to moving on with their lives as good neighbors.”
Delouvrier’s lawyer John Simoni said his client plans on appealing.