Samy Mahfar

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Mahfar Just Finished Leveling 255 East Houston for New 13-Story Luxury Building

Posted October 5, 2016 at 5:10 am

SMA Equities (aka Samy Mahfar) is well on the way to erecting its twelve-story phallus on the border of Alphabet City. Yep, 255 East Houston is officially a goner. The derelict building with its faded facade, and prior service to the community, was reduced to dust within the last several weeks. Now its just another […]

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‘The New Allen’ Moves to Samy Mahfar-donated Gallery Space on Delancey Street

Posted September 26, 2016 at 5:17 am

SMA Equities (aka Samy Mahfar) is headlong into its conversion of 104 Delancey into a multilevel gallery dedicated to “low brow” art. The storefront is now enveloped in paint, as street artists UR New York spent the weekend buffing and spray-painting the exterior. You’ll recall that property owner Samy Mahfar donated the available real estate […]

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Art
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Hated Landlord SMA Equities Donates 104 Delancey for ‘Low Brow’ Art Gallery

Posted September 15, 2016 at 5:11 am

Controversial landlord Samy Mahfar (aka SMA Equities) is in dire need of some good press these days. Perhaps that explains the so-called donation of 104 Delancey Street (former Washington Mutual bank and exhibition space) to become a multi-level gallery dedicated to “low brow” artists. The New Allen Art Foundation is curator in residence, an art program […]

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Art
255east-houston-netting

Samy Mahfar Bails on Controversial East Houston Rezoning Proposal

Posted September 8, 2016 at 5:04 am

Samy Mahfar now tastes defeat at the hands of City Council. The much-maligned landlord had sought a zoning change that would benefit his in-progress development at 255 East Houston Street. But before the scheduled City Council vote on Tuesday by the zoning and franchises subcommittee, Mahfar tendered a letter of withdrawal to City Planning Director […]

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Here’s What to Expect from the New ‘Black Tap’ on Ludlow Street

Posted August 10, 2016 at 5:11 am

Popular burgers-and-shakes restaurant Black Tap has chosen the Lower East Side for its newest location. As previously reported, ownership settled on 177 Ludlow Street, a building that formerly housed Earthmatters (and 100 Montaditos). Joe Isidori and partner Christopher Barish currently seek a beer-wine license for Black Tap LES. And barring any major catastrophes, it’ll probably happen. […]

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This Testimony Scolding Mahfar’s Re-Zoning Proposal for East Houston is Everything

Posted August 10, 2016 at 5:00 am

Samy Mahfar is pushing hard for rezoning a portion of East Houston to placate personal gain. The proposed two-and-a-half block commercial overlay is seemingly a selfish play to ensure bars or restaurants are permitted in his forthcoming luxury development at 255 East Houston (aka 171 Suffolk). As opposed to community services, like the day care centers […]

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City Council Mulling Mahfar’s Controversial East Houston Rezoning Bid After City Planning Approval

Last modified August 8, 2016 at 11:53 am

Samy Mahfar will stop at nothing until his dream of rezoning part of East Houston Street is realized. It’s a selfish play to ensure bars or restaurants are permitted in his forthcoming luxury development at 255 East Houston (aka 171 Suffolk). Nothing new, really. Mahfar’s associates twice pitched Community Board 3 to install a commercial […]

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177ludlow

Looks Like ‘Black Tap’ and its Milkshakes will Try Where Quality Eats Failed on Ludlow Street

Posted July 27, 2016 at 5:00 am

One year into its reign, SoHo-based burger joint, Black Tap, is angling to open a new location on the Lower East Side. Its address of choice for the third outpost has been hotly contested lately – 177 Ludlow Street. Yep, owner Samy Mahfar is again reaching for the realm of foodie chains for his Hell Square […]

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113 Stanton St., September 2014

After Years of Harassment, SMA Equities Pimps ‘Penthouse’ Offering at 113 Stanton for $8K

Posted June 29, 2016 at 5:11 am

This is the epilogue of a well-tread story about how rent regulated tenants are exploited for the future value of gentry. Same old shit for the one and only Mr. Samy Mahfar. SMA Equities purchased 113 Stanton Street back in 2014, and spent the ensuing two years renovating the upstairs units and roof. All at […]

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Demolition Begins at Samy Mahfar’s 255 East Houston, 13-Story Residential Building on the Way

Posted June 13, 2016 at 5:14 am

Down comes 255 East Houston. Building owner, and reviled landlord, Samy Mahfar (aka SMA Equities) just commenced demolition activity at the East Houston property. The requisite slate of netting and scaffolding arrived last week, so the end is nigh. Once razed, the mid-block parcel will birth a thirteen-story luxury residential tower. Of course, there’s a […]

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