YOUNGSTOWN - The Flats at Wick, a privately-owned apartment complex catering to students at Youngstown State University, is headed for sheriff sale after three years in foreclosure. 

The building is on the list for properties that will be auctioned off on Tuesday, August 16, with a starting bid listed at $3.8 million. 

The property, which is owned by NYO Property Group, first went into foreclosure in 2019. According to that filing, the borrower, Dominic Marchionda , received a loan to purchase the building in the amount of $5,550, 000, but defaulted in 2018. 

After receiving an extension until April of 2019, the loan had still not been paid in full, according to the foreclosure filing .

Shamar Brooks, leasing manager at Flats at Wick, told 21 News he does not expect the sale to impact tenants, saying it's his understanding that whoever buys the building will likely honor all of the existing leases. 

Brooks said he doesn't have that in writing anywhere, but said that is the common practice in real estate. 

Brooks said a senior director at the facility will look further into the matter and provide more information. 

Marchionda, who owns several downtown properties, pleaded guilty in 2020 to four felony counts of tampering with records for his role in a public corruption case that funneled city money to his development projects. As a condition of his plea agreement in that case, Marchionda agreed to remove himself from management roles at several of his companies, including  Rubino Construction, Inc., Wick Properties, Erie Terminal Place, and the NYO Property Group.