Settlement Reached with Goldman Properties Over Adverse Possession; 288 Elizabeth Rumored to Sell to ‘Tom & Jerry’s’ Owner

Posted on: June 23rd, 2015 at 5:00 am by
This image has been archived or removed.

76 East Houston finally awoke from its winter hibernation. Construction on the two-story commercial building – in the works for a couple years – resumed with a purpose last week after being frozen for a good six months. The ill-timed hiatus is with good reason. Several stop-work orders and its related lawsuit regarding the property line were reportedly the primary cause.

Yep. Goldman Properties, owner of the former Billy’s Antiques site and the nearby Bowery graffiti wall, picked a fight with the wrong man. The 88-year-old landlord of the adjacent 288 Elizabeth Street – Peter Maralewich – a veteran of the Pacific Theater in World War II.

You’ll recall the drama here: Billy Leroy’s tent leaned six inches over the property line to 288 Elizabeth Street for more than two decades. On paper, it appeared as though the Goldmans were correct in their land grab of this half-foot of real estate; they had already begun erecting the two-story facility. Only problem was that the antiques business apparently never possessed a valid Certificate of Occupancy for the corner parcel at 76 East Houston.

This image has been archived or removed.

Antiques circa 1989, Photo: Clayton Patterson

Somewhat ironic that the illegality of Billy’s is the linchpin in the case to thwart Goldman Properties.

“These big shots figured they can do what they want,” Pete intimated in a previous phone conversation. “But they made a mistake.” Those were his thoughts up until recently. A change of heart apparently transpired in the interim, since we are now told that a settlement was reportedly reached. Probably for more than the $20K he allegedly denied last year.

76 East Houston Street is commercially zoned and offers 2,928 square-feet of space. The retail space is still available via Sinvin.

But that’s not the full story here. Word on the street is Pete is selling the adjacent 288 Elizabeth Street to the owner of Tom & Jerry’s Bar located on the ground level. Nothing in the public record confirms this.

Recent Stories

Vision Urbana Donates 1,500 Turkeys to NYCHA Residents in Largest Turkey Drive on the Lower East Side

The turkeys are coming! This week, Vision Urbana announced the largest ever turkey drive on the Lower East Side. It’s a feat which provides turkeys to over 1,500 families in NYCHA this Thanksgiving. Door-to-door turkey drop-offs have already begun, via Vision Urbana’s food pantry home delivery network. Just in time for folks to have their […]

Clayton’s Corner: Bloodied at the Bodega

We received a dispatch from Clayton Patterson about an aggro homeless man bothering business at the SX Grocery. You’ll recall that the family-owned bodega fell victim to an ATM cash machine heist, in which the robbers made off with $8,000 cash. Now, the store is apparently contending with an area homeless man who is “very […]

B&H Dairy Robbed, Cash Register Stolen

B&H Dairy is licking its wounds following yet another criminal incident on-premise. Late Monday night, the restaurant was robbed. Ownership reported on Facebook that its front door was compromised and its cash register stolen. The perp ran with the bounty around the corner to East Seventh Street, where co-owner Ola Abdelwahed found the machine busted […]

Astor Place Hair Saved by Deep Pocketed Investors, Including its Landlord

Astor Place Hair was all set to close this week, concluding an impressive seven-decade run. The pandemic reduced customers and business plummeted. Thanks to an eleventh-hour cash infusion, though, the barbershop will stay put. Indeed, news broke yesterday that a conglomerate of investors joined forces to raise the necessary capital. The group includes financier Jonathan […]

Eight Years After Extell, Still No Supermarket for Two Bridges

With One Manhattan Square an eyesore of the Lower East Side skyline for so long, it’s almost impossible to remember what came before. Almost. Indeed, it’s been eight years since Pathmark officially closed its doors, leaving the surrounding Two Bridges community bereft of an affordable supermarket. For much of the local population, a walk to […]