How David Jacobson and Michael Ricatto’s four-building empire became entangled in mounting debt, missed payments, and legal scrutiny.
If one views the four buildings between East 12th and East 14th streets, it’s easy to discern they were built in the same style probably by the same ownership: white stone surrounds, elaborate lintels, keystone-like flourishes, and decorative molded crowns punctuating red brick. They are the four East...