Real Estate

CNBC’s ‘American Greed’ Focuses on Ex-Con Landlord Steve Croman

Posted September 17, 2018 at 5:03 am

Ex-con Steve Croman is now the subject of a television hit piece by CNBC as part of its American Greed series. The second half of the program is dedicated to the notorious landlord in a segment appropriately called “Lousy Landlord.” You’ll recall that Croman completed his “white collar” sentence on June 1, having served eight months […]

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At Mahfar’s 113 Stanton Street, Workers Fall Through the Ceiling [PHOTOS]

Last modified September 13, 2018 at 9:23 am

Renovations are again heating up at 113 Stanton Street, a notorious SMA Equities (Samy Mahfar) property with a history of tenant revolt. The tenement was one of several Lower East Side properties at the center of a civil lawsuit against SMA that eventually settled in March 2016. (It included a settlement sum to 23 tenants plus […]

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11-Story Apartment Building on Orchard Street Listed for $16M

Posted September 12, 2018 at 5:03 am

Landlords in the so-called Orchard Street gallery district continue to cash out. The latest to hit the market is number 55, located between Grand and Hester streets. The eleven-story apartment complex went up for sale last week with an exorbitant price tag of $16 million. Jacov and Lazar Zimerbort are the current owners and have […]

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Community Boards Hold Joint Meeting Over Chinatown High-Rise Jailhouse

Posted September 6, 2018 at 5:04 am

Hyperlocal pressure over the proposed “community-based” jailhouse for Chinatown has resulted in yet another public session. This one, a joint effort between the two affected Community Boards, will further open the floor for discussion. Community Boards 1 and 3 are set to host a joint event tonight to further unpack plans for the high-rise cell […]

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Report: Bowery ‘Tech Incubator’ Buildings Sell for Combined $48.5M

Posted September 6, 2018 at 5:02 am

Remember those much-publicized “tech incubator” buildings on the Bowery? They just changed hands. Located within a block of each other, both buildings – 135 Bowery and 161 Bowery – just sold to Marx Realty for a combined $48.5 million. The sale follows more than a year after former owner Caspi Development began peddling the properties […]

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Streets

‘POPS’ Goes the Elizabeth Street Garden

Last modified September 5, 2018 at 8:48 am

Developers behind the controversial Elizabeth Street Garden affordable housing project are going straight to the public with their plans. Now, area locals will have another chance to interact with Haven Green, the proposed seven-story, “deeply affordable” senior housing development and its Privately Owned Public Space (POPS) that together replace the garden. Pennrose Properties, Habitat for […]

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For 85 Bowery Residents, a Lion’s Welcome Home

Posted September 4, 2018 at 5:02 am

It was a holiday Friday, but that didn’t prevent the buildup of a media circus outside 85 Bowery in Chinatown. This was the official homecoming, and final chapter in the 85 Bowery saga, for dozens of tenants who were displaced eight months ago when their tenement home was deemed unsafe by the city. The nighttime […]

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Responding to Wave of Opposition, City Hall to Host Town Hall on Chinatown Jail Proposal

Posted August 31, 2018 at 5:02 am

Residents and concerned citizens alike will now have a forum to both voice their misgivings and hold the city accountable for the potential new jailhouse at 80 Centre Street. The Manhattan Detention Center petition released last month seemed to nab the ears of enough local politicians; this past Monday, Councilwoman Margaret Chin announced that the city […]

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Vacate Order Lifted, 85 Bowery Residents Finally Return Home Today

Posted August 31, 2018 at 5:00 am

Well that timetable ran right down to the wire. After being displaced for nearly eight months, the tenants of 85 Bowery are returning home today. Department of Buildings lifted the longstanding vacate order on Wednesday, permitting this late-summer homecoming. Early last month, litigation was settled between landlord Joseph Betesh and displaced residents, with an agreement […]

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Grand Street 7-Eleven Closes Tomorrow

Posted August 30, 2018 at 5:07 am

The 7-Eleven outside the Seward Park Co-op on Grand Street is at the end of its life. Five years later, the franchisees have terminated their lease, and will close down for good tomorrow (August 31). Co-op management, which owns the one-story commercial strip, confirmed the closure to us earlier this month. Apparently, 7-Eleven corporate guaranteed […]

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Streets