Hungerford Building Foreclosure Auction Halted by Appeal
An appeal filed in Monroe County puts the sale of the landmark property on hold while legal proceedings move forward.
Updated on Oct. 15, 2026 in Commercial

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The auction for the historic Hungerford Building is currently on hold after owner Peter Hungerford filed an appeal against a foreclosure judgment. The move halts a sale process that stems from a $10.49 million debt claim against the property owner.
Why it matters
The legal challenge forces a pause in the transition of a major local property as the court considers arguments regarding the accuracy of debt calculations. It remains a critical development for the future of the site located at the corner of North Goodman and East Main Streets.
A referee's report concluded that $10,490,036.37 is owed to Elizon DB Transfer Agent. The auction process is now on hold pending a review of the debt calculation methodology.
The players
Peter Hungerford
The owner of the Hungerford Building who is currently contesting the foreclosure judgment through an appeal.
Daniel J. Doyle
The Justice of the state Supreme Court who presided over the case and denied a previous motion opposing the referee's calculations.
Elizon DB Transfer Agent
The mortgage holder that initiated foreclosure proceedings against the property owner for an outstanding debt.
The details
Peter Hungerford contends that the court relied on a flawed referee report that featured evidentiary gaps and inadmissible testimony. The foreclosure process began in September 2025 following a mortgage default, leading to a judgment granted by Justice Daniel J. Doyle in September 2026.
Timeline
September 2025: Foreclosure proceedings commenced.
July 2026: Defendants filed a motion opposing the report calculations.
September 2, 2026: The court granted the foreclosure judgment.
Early October 2026: An appeal was filed in state Supreme Court.
Culture Shift
The legal challenge highlights the complex nature of commercial property disputes and the rigor required in foreclosure accounting procedures. This case reflects the ongoing scrutiny of debt valuations under New York State's Real Property Actions and Proceedings Law.
The pause in the auction process ensures that the future ownership of this prominent intersection remains in legal limbo for the immediate term. Residents and local businesses may continue to see the site remain in its current operational state while the appeals process unfolds.
The takeaway
Commercial property owners often rely on detailed audits of referee reports to challenge foreclosure valuations. Property investors should be aware that such legal appeals can significantly extend the timeline of asset liquidations.
Further reading
For broader context on local property development, see the Rochester Commercial section.
Source note: This article includes information reported by Rochester Business Journal.
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