Sign in to comment!

Menu
Home

Crime & Courts

Marijuana worth $7.5M found over four floors of New York apartment building

NYPD pot bust

January 31, 2012: Scene of raid on Bronx building that contained 600 marijuana plants. (New York Police Department)

Cops raided a New York apartment building Tuesday and found it had been turned into a pot farm.

Acting on a tip, police broke down the door at 610 Morris Park Avenue in The Bronx at 1:00 p.m. local time and discovered a staggering 600 marijuana-growing pots. They filled the top four floors of the five-story building.

Officials estimated there was 1,500 pounds of pot growing in the building, and at $5,000 a pound, it had a street value of about $7.5 million.

Cops also found there had modifications to the ventilation of the building and other changes.

"It was like a pot farm in there," one law enforcement source said. "They were using enough electricity, grow lights and such to power an entire city block."

Three suspects in their 20s were arrested on drug dealing and drug possession charges.

Click for more on this story from the New York Post.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.82% dw 3.84%  
15 Y Fixed Graph 2.96% up 2.94%  
30 Y Fixed Jumbo Graph 4.25% dw 4.28%  
5/1 ARM Graph 3.25% dw 3.31%  
5/1 Jumbo ARM Graph 3.62% up 3.60%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.75% dw 4.76%  
$50K HELOC Graph 4.05% up 4.04%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.35% -- 4.35%  
$75K Loan Graph 4.35% -- 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.67% up 2.64%  
36 M Used Graph 3.18% up 3.15%  
48 M New Graph 2.94% up 2.92%  
48 M Used Graph 2.79% -- 2.79%  
60 M New Graph 3.05% up 3.03%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.41% up 0.40%  
1 yr Graph 0.71% dw 0.72%  
5 yr Graph 1.44% -- 1.45%