SMA Equities

Jin Sushi Closes Forever After Service on Saturday; Lucky Bee on Deck

Posted August 13, 2015 at 5:18 am

One of the more popular Lower East Side restaurants, Jin Sushi, officially closes for good on Saturday. Three more days. A sandwich board outside the establishment displays the countdown. Its departure was expected, yet no less upsetting to longtime fans and, of course, the owners and employees. When news first broke this past spring, we […]

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

Last modified May 11, 2015 at 8:42 am

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 […]

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‘Tenant Harassment Prevention Task Force’ Raids Samy Mahfar Properties on the LES

Last modified May 8, 2015 at 10:42 am

That newfangled Tenant Harassment Prevention Task Force first announced last year finally got its shit together, and is reportedly on the offensive against SMA Equities. The alphabet soup of city agencies (DOB, FDNY, HPD, etc.) coordinated a “raid” against several Samy Mahfar-owned buildings on the Lower East Side on Wednesday afternoon, we are told. One tenant tells […]

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Rumor: Samy Mahfar Sells 210 Rivington Street to the Notorious Ariel Soudry

Last modified March 16, 2018 at 11:32 pm

Samy Mahfar and his SMA Equities management company already did enough damage at 210 Rivington Street. Time to move on, it seems. Word on the street is that the controversial landlord just sold off the corner property. As in last week. No cause for celebration, though. The alleged buyer, we are told, is no better […]

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Tenants and Advocates Publicly Lambast Samy Mahfar for Constant Harassment and Unsafe Living Conditions

Last modified August 30, 2017 at 8:22 am

In a high-profile move, embattled residents of Samy Mahfar (SMA Equities) properties queued yesterday in the rain to announce a new round of legal action. Indeed, now a total of four buildings are suing the notorious landlord – 102 Norfolk, 113 Stanton, 22 Spring, and 210 Rivington. Here is a quick recap of what went […]

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Samy Mahfar Tenants File 3 More Lawsuits Alleging Harassment; Press Conference Planned Today

Posted April 20, 2015 at 5:00 am

For the embattled tenants of SMA Equities (aka Samy Mahfar) properties across the neighborhood – collectively the Mahfar Tenants’ Alliance – it’s a full court press. Word just came down the pike that residents in three other buildings are filing a lawsuit against the controversial landlord (210 Rivington, 22 Spring, 102 Norfolk). The legal action […]

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Samy Mahfar Slapped with Stop-Work Order for Gas System at 22 Spring Street

Last modified March 16, 2018 at 11:22 pm

It would appear that the Department of Buildings is on a defensive, yet proactive footing in the wake of the deadly explosion on Second Avenue last week. Allegedly tampering with gas lines at 22 Spring Street is proving problematic for SMA Equities (aka Samy Mahfar), yet potentially dangerous for tenants. In a swift follow-up to […]

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Samy Mahfar was Issued Violations for ‘Gas Tapping’ at 22 Spring Street

Last modified March 16, 2018 at 11:21 pm

Of all the SMA Equities properties netting negative news lately, 22 Spring Street hasn’t even appeared as a blip on the proverbial radar. Until now, at least. The Little Italy tenement (near Elizabeth) is a recent acquisition, purchased by controversial landlord Samy Mahfar in October of last year for $8.5 million. It’s the same old […]

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Mahfar Tenants at 113 Stanton Street Sue SMA Equities for Toxic Lead Levels 200 Times Legal Limit (Plus Asbestos)

Last modified March 16, 2018 at 11:18 pm

For the second time in the last few years, battle-hardened tenants of an SMA Equities (aka Samy Mahfar) property on the Lower East Side are taking legal action. Those dwelling in 113 Stanton Street filed a lawsuit against the controversial landlord in New York City Housing Court on February 19 for harassment and essentially fostering […]

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An Open Letter from the Mahfar Tenants’ Alliance to SMA Equities [Op-Ed]

Posted February 2, 2015 at 9:22 am

The Mahfar Tenants’ Alliance is saddened to see that SMA Equities (i.e. Samy Mahfar), which has severely disrupted our lives, has once again tried to cloak their activities as “improvements.” We believe that they have denied leases to long-term tenants, disrupted basic services at unheard of levels, exposed some tenants to potentially toxic lead dust, and broken […]

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