SMA Equities

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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Samy Mahfar Sells ‘Jones LES’ Rentals for $62M

Posted July 20, 2017 at 5:06 am

The Jones LES luxury rental building on East Houston officially traded hands last week for a cool $62 million. Final deal price for the 67,600 square-foot rental property is just a tad north of what was reported in June. Controversial landlord Samy Mahfar is laughing all the way to the bank with this transaction. His SMA […]

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‘Jones LES’ Luxury Rental Development Sells for $61M

Last modified August 30, 2017 at 8:24 am

Exactly one year after it hit the market, the luxury rental complex at 331 East Houston, dubbed “Jones LES,” is under new ownership. The development changed hands for an unbelievable $61 million. Gili Haberberg, an investor who runs Arkar Inc., will shell out $61 million for the 67,600-square-foot elevator building situated between Attorney and Ridge streets. According to […]

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AG Schneiderman Settles Civil Suit with Landlord Samy Mahfar for $225K

Last modified March 17, 2018 at 12:00 am

The ongoing civil lawsuit against notorious landlord Samy Mahfar brought by tenants in four of his Lower East Side buildings has reached conclusion. Attorney General Eric Schneiderman settled with the area landlord yesterday for a pittance. He got off easy with a $225K settlement. The three-year period between 2013 and 2016 was a busy one […]

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Mahfar Irks Embattled Residents with Rowdy Pop-Up ‘Club’ in Former Las Venus Space

Last modified March 22, 2017 at 4:20 pm

Samy Mahfar is looking to plug the storefront vacancy at 113 Stanton Street. Neighbors didn’t like what happened there last night, though. You’ll recall that Las Venus relocated back in May 2016 after more than twenty years on the Lower East Side. This business was pissed away for a vacancy that has been sitting warehoused […]

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‘The Dressing Room’ Bar and Boutique on Orchard Street Closes Down Tomorrow Night

Posted January 27, 2017 at 5:00 am

Two weeks after breaking the news, we can now report that the Dressing Room on Orchard Street won’t survive January. Tomorrow is the final day in business for the ten-year-old bar-boutique. The first sign of its demise – quite literally – was the advent earlier this month of a leasing banner strung from the fire […]

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

Last modified March 16, 2018 at 11:55 pm

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

Last modified March 16, 2018 at 11:54 pm

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

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

Bounced Between 2 Landlords, ‘Las Venus’ Flees the LES After More than 20 Years

Last modified March 16, 2018 at 11:46 pm

One of the most controversial landlords on the Lower East Side – SMA Equities – finally gets its way at 113 Stanton Street. Vintage furniture shop Las Venus – on the Lower East Side for some two decades – is now gone from the commercial space. Just call it a tale of two terrors. First, with Ben […]

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