The Real Deal New York

Williamsburg / Greenpoint neighborhood news

  • Menachem Stark

    Menachem Stark (Credit: Eli Wohl)

    The $1.7 million that was “improperly” removed from a bank account controlled by slain Brooklyn landlord Menachem Stark and his business partner Israel Perlmutter was withdrawn over a “protracted period of time,” according to new court filings.

    Jonathan Flaxer, a court-appointed trustee for an in-debt building at 100 South 4th Street owned by Stark and Perlmutter, told United States Bankruptcy Court Judge Elizabeth Stong that the money was removed over time, the New York Daily News reported. The money was removed before Stark’s abduction and murder earlier this month, Flaxer added. [more]

  • 100 South 4th Street in Williamsburg (Photo credit: PropertyShark) and Menachem Stark (Photo credit: Eli Wohl)

    100 South 4th Street in Williamsburg (Photo credit: PropertyShark) and Menachem Stark (Photo credit: Eli Wohl)

    More than $1.7 million was “improperly” removed from slain Brooklyn landlord Menachem Stark’s bank account, according to court filings. United States Bankruptcy Court Judge Elizabeth Stong ordered a review of an account controlled by Stark and his longtime business partner Israel Perlmutter last week, after Stark’s kidnapping and murder earlier this month. [more]

  • From left: Ilan Bracha and

    From left: Ilan Bracha and 200 S. Third St.

    UPDATED, 7:40 p.m., January 21: A brand new condominium building is coming to the site of a former parking lot in South Williamsburg.

    The project is being developed by Ilan Bracha of B+B Capital, and also a founder of Keller Williams New York City, who recently closed on the property for $6.5 million. [more]

  • From left: 55 Wythe Avenue and the Wythe Hotel at 80 Wythe Avenue

    From left: 55 Wythe Avenue and the Wythe Hotel at 80 Wythe Avenue

    A new hotel planned for Williamsburg’s Wythe Avenue may wear its insides on the outside.

    [more]

  • Menachem Stark (Credit: Eli Wohl)

    Menachem Stark (Credit: Eli Wohl)

    Though Williamsburg landlord Menachem Stark owed millions of dollars to multiple creditors, the kidnapping that led to his death was likely ordered over a single debt of $20,000, according to police investigators.

    A contractor that Stark owed roughly that amount to is now a leading suspect in the homicide, according to police. The contractor has connections to both the van that was used to abduct Stark outside his Williamsburg office, police said, and a cellphone that was found attached to the undercarriage of the slain developer’s car. [more]

  • 51 South 4th Street (Credit: GMAP)

    51 South 4th Street (Credit: GMAP)

    A set of six new construction townhouses is coming to Williamsburg’s Wythe Avenue. The 16,492-square-foot single-family homes, at 51 South 4th Street, will each be four stories tall and will replace a scrap metal center currently at the site, according to Department of Buildings records. [more]

  • Rents at industrial properties in Brooklyn and Queens are on the rise as rezoning, incoming retail tenants and a recovering economy boost demand and squeeze availability. [more]

  • 100-118 Union Avenue

    100-118 Union Avenue

    The Robles family, owner of two parcels of land in East Williamsburg, has repackaged an offering to sell them in hopes of snagging a bigger windfall. [more]

  • 100-Stark

    100 South 4th Street in Williamsburg (Photo credit: PropertyShark) and Menachem Stark (Photo credit: Eli Wohl)

    A subsidiary of lender Deutsche Bank, acting as a trustee for a 
defaulted $29 million loan on Menachem Stark’s 74-unit Williamsburg
 rental property at 100 South 4th Street, is concerned about possible
 unauthorized use of funds in the building’s bank account, U.S.
 Bankruptcy Court records filed yesterday show.

 [more]

  • From left: One World Trade Center, rendering of the Fulton Street Transit Center and 195 Broadway

    From left: 1 World Trade Center, rendering of the Fulton Street Transit Center and 195 Broadway

    As tech firms and startups drive New York City commercial office demand in 2014, the Financial District is poised to overtake the Flatiron as the hottest spot for firms to set up shop, while many will also trickle over the East River into Brooklyn. [more]

  • 475 Kent Street

    475 Kent Street

    Life has changed for one bunch of Williamsburg loft dwellers who, thanks largely to the 2010 loft law, now legally inhabit their industrial space.

    South Williamsburg’s 475 Kent Street, which was once home to a subletting Bill Murray and the late photojournalist Tim Hetherington, was evacuated in January 2008 when an illegal matzo factory in the basement was dubbed at risk of exploding. [more]

  • Menachem Stark

    Menachem Stark (Photo Credit: Eli Wohl)

    The investigation into the grisly murder of Williamsburg developer Menachem Stark has taken a dramatic turn, with his business partner Israel Perlmutter reportedly now considered a possible suspect in the case.

    Police investigators are watching Perlmutter’s activities closely, a police source told the New York Daily News, because they are convinced he has been lying to them about Stark and has been using a Russian businessman as a scapegoat. [more]

  • Menachem Stark (right) with his wife and son

    Menachem Stark (right) with his wife and son

    The family and tenants of slain Williamsburg developer Menachem Stark hosted a press conference today demanding justice for his brutal murder and pledged a $25,000 reward for information leading to the arrest of his killers. But as the search continues, members of the real estate community are speaking out, illuminating a complex image of the late businessman. [more]

  • From left: Condominiums at 440 Kent Avenue in Williamsburg, 360 Furman Street in Brooklyn Heights and 1 Main Street in Dumbo

    From left: Condominiums at 440 Kent Avenue in Williamsburg, 360 Furman Street in Brooklyn Heights and 1 Main Street in Dumbo

    The Brooklyn residential market has exploded over the last decade, with Williamsburg condo prices increasing nearly 150 percent and the average sale price of a Brooklyn Heights townhouse jumping 152 percent, according to aptsandlofts.com’s first ever ten-year sales study. [more]

  • From left: Amer Hammour of

    From left: Amer Hammour of Madison Marquette, 22 North 6th Street and Jeff Levine

    The spacious retail spread at the base of the Edge condominium in Williamsburg will be sold for more than $40 million. [more]

  • The New York Post cover story on the Menachem Stark murder

    The New York Post cover story on the Menachem Stark murder

    The New York Post’s reporting on the murder of Williamsburg developer Menachem Stark has attracted widespread outrage from members of the Orthodox Jewish community as well as local politicians. Brooklyn Borough President Eric Adams demanded that the tabloid issue an apology Saturday.

    Stark was abducted from outside his Williamsburg office late Thursday night and his charred body was discovered in a Great Neck dumpster late Friday afternoon. The Post’s front-page headline read “Who didn’t want him dead?,” and the story in the newspaper speculated that Stark had several enemies as a result of his allegedly shady business dealings and record as a landlord. [more]

  • 213 Maujer Street and Dave Behin

    213 Maujer Street and Dave Behin

    A new retail and residential project is coming to East Williamsburg. A partnership between Jeff Kurtz of the Kamson Corporation and Dean Marchi of Grand Street Development has paid $14.2 million for 774-784 Grand Street and 213 Maujer Street, properties located near the Grand Street stop on the L train.

    The buyers will combine the two properties into a single lot to build a mixed-use project that will have a 63,000-square-foot residential component, with 69 rental apartments, as well as 12,000 square feet of ground-floor retail space. [more]

  • The Jonathan Williams Plaza Community Center in Williamsburg at 325 Roebling Street

    The Jonathan Williams Plaza Community Center in Williamsburg at 325 Roebling Street

    New York City Housing Authority administrators threatened a whistleblower who reported the sexual abuse of children at one of NYCHA’s after-school programs in Brooklyn, according to a new lawsuit.

    NYCHA officials also failed to notify police of the alleged abuse, according to mothers of two of the alleged victims, who filed a federal suit in Brooklyn. [more]

  • lolli-adams

    From left: Anthony Lolli and Eric Adams

    Rapid Realty CEO Anthony Lolli will be serving as an adviser to incoming Brooklyn Borough President Eric Adams as his term begins next month.

    Lolli is a member of the Brooklyn Chamber of Commerce, though relatively new to politics. Adams, a Democratic state senator who will replace the borough’s former president Marty Markowitz, had picked Lolli as part of his transition team as well. [more]

  • Rendering of 77 Commercial Street

    Rendering of 77 Commercial Street

    City Council member Steve Levin ultimately came down on the side of Joseph Chetrit and David Bistricer’s high-rise development at 77 Commercial Street, with the rest of City Council in tow.

    The council voted to approve the controversial development today, according to word from Levin’s office cited by Brownstoner. The project is to include one 30-foot and one 40-foot tower, which will include 200 units of affordable housing. [more]

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