Samy Mahfar Sells 210 Rivington Street to Ariel Soudry for $12M

Posted on: May 1st, 2015 at 5:00 am by
This image has been archived or removed.

We broke news last week that controversial landlord Samy Mahfar had ditched one of his flashpoint Lower East Side properties – 210 Rivington. Confirmation of the sale arrived yesterday afternoon.

Indeed, public records confirm our scoop that the Soudry family (Ariel and father Abraham) – under the corporate shell “210 Rivington A.S. Realty LLC” – purchased the now-upscaled corner property for $12.5 million. The transaction is a $5 million windfall for Mahfar, who continues to benefit at the expense of tenants.

Samy Mahfar (aka SMA Equities) snapped up 210 Rivington Street in June 2013 for $7.6 million. In two short years, he allegedly harassed tenants to the breaking point, allegedly exposing them to dangerous lead levels several times the federal legal limit.

Embattled tenants shouldn’t find solace in this deal, though. Soudry’s track record is equally shady (his father purchases the properties and he manages under Better Living Properties). And not just for harassment. Ariel and his wife collected Medicaid benefits even though they had $2 million in the bank, a New Jersey vacation home, and a Range Rover. This was back in 2010, when the couple “canceled their own health insurance, pretended to be poor and used $59,000 in government benefits.”

Meanwhile, tenants of 210 Rivington are still amidst legal proceedings against Mahfar for harassment and hazardous living conditions. In total, four buildings – collectively the Mahfar Tenants’ Alliance – are concurrently suing the guy.

Recent Stories

LES Cop Shooting Still Cold Case 8 Years Later

Eight years later, it remains a cold case. In the early morning hours of July 5, 2012, two cops sustained gunfire during a drug bust in the Seward Park Extension on Essex Street. The shooter is still wanted for attempted murder of a police officer, and remains at large. Officers Brian Groves and Eric Corniel chased a suspected […]

Vendors Return to the Market Line on the Lower East Side

As the city slowly attempts to normalize in the wake of COVID-19 lockdown, so too does Essex Crossing. Its underground food court – the Market Line – is now back to business. Several vendors returned and are open, albeit via pick up and delivery only. Those who live within a ten-mile radius of the Market […]

Mayor’s Borough-Based Jail Plan Defunded $473M and Now on Hold

Grassroots groups in diametric opposition to the city’s borough-based jail plan this week declared victory at its delay. For now. Last week, City Council and Mayor de Blasio approved the $88.1 billion budget for the 2021 fiscal year. Within the accompanying report, the city mentioned, “Planned commitments for new borough-based jails have been reduced by […]

Elizabeth Street Garden Reopens Post-Shutdown

At a time when city folk are clamoring for more open space, the Elizabeth Street Garden comes to the rescue. The one-acre sculpture park – nestled in the middle of Little Italy – reopened to the public over the weekend. Yet, with limited hours. Temporary visitation is weekends from 10:00am to 6:00pm. There are also […]

Beverly’s Bar Shutters After 7 Years on Essex Street

The pink neons have gone dark, as Essex Street loses one of its cool kid hangs. Beverly’s, the trendy art bar founded in late-2012 by Sweet Paradise veteran Leah Dixon, closed forever last week. Just shy of its eighth birthday. A leasing sign hangs awkwardly from the rolldown gate. “We are looking reality in the […]