Rumor: Samy Mahfar Shopping Around 102 Norfolk, Tenants Respond with Warnings to Suitors

Posted on: May 11th, 2015 at 5:10 am by

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102 Norfolk St.

The negative press, lawsuits, and coalition of organized tenants reportedly has SMA Equities on the run. Word on the street is that the company is trying to sell off the more “problematic” Lower East Side holdings.

This intel would make sense given that Samy Mahfar already sold 210 Rivington Street to the Notorious Soudry family last month for $12 million.

But we are also hearing whispers that Mahfar has also been fishing for 102 Norfolk Street, the property that finally brought his alleged harassment tactics to the forefront. A source on the inside intimates that “Mahfar is supposedly fed up with all the problems he’s had, so he’s trying to get rid of his problematic properties where tenants are organized.”

The main hurdle standing in the way of any potential deal is the batch of lawsuits brought on by the Mahfar Tenants’ Alliance, which includes three other SMA tenements. While it’s apparently still legal for him to sell the other buildings, the lawsuits would still continue against him (and possibly the new buyers)

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The 210 Rivington transaction went through because papers were filed after the sale. However, we understand that the Soudry owners were served papers last Wednesday, the same day as the Tenant Harassment Prevention Task Force sting.

Catching wind of all this, there is apparently a grassroots effort underway to dissuade prospective buyers. Indeed, these printouts (above) are pasted in the entrance of 102 Norfolk. Each carries a warning that tenants in the building are organized and “will not stand for a campaign of aggressive evictions. SMA Equities people tear them down and residents paste them right back up.

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