The Real Deal New York

Posts Tagged ‘239 banker street’

  • 239 Banker Street

    Stop work orders, thousands of dollars in fines and numerous safety violations haven’t been able to stop an apparently prime loft apartment building on Banker Street and Meserole Avenue in Greenpoint from operating illegally, the New York Times reported.

    The former factory turned loft rental building, at 239 Banker Street, is just a skip away from Bedford Avenue, McCarren Park and the East River, boasting exposed brick and Manhattan skyline views. But a lack of heating, faulty wiring and numerous other problems plague the illegal residency, angering and bewildering local residents. “Why is it that someone can so egregiously and recklessly ignore the law and not be penalized appropriately?” Heather Roslund, the chairwoman of Community Board 1’s land use committee, asked. [more]

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  • 239 Banker Street (credit: PropertyShark)

    A Greenpoint commercial building known as the Sweater Factory Lofts, which was used as illegal residences, has sold for $9.1 million, Brownstoner reported. The buyer is an LLC whose identity, and plans for the new acquisition, are unclear. [more]

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    From left: 100 South 4th Street (credit: PropertyShark) and 120 South 4th Street

    Two under-the-radar Brooklyn real estate developers are confronting more than
    $51 million in personal guaranty and foreclosure lawsuits on five separate loans
    doled out in Williamsburg and Greenpoint in 2006 and 2007.

    In the largest and most recent legal action, special servicer CWCapital Asset
    Management sued the developers, Menachem Stark and Israel Perlmutter, to
    recover $29 million lent in 2007 and secured by the seven-story, 74-unit rental
    building at 100 South 4th Street, between Berry Street and Bedford Avenue.

    In the CWCapital suit filed in U.S. District Court in Brooklyn June 28, the special
    servicer claims the pair personally owes the full $29 million because of a Chapter
    11 filing the pair entered in an effort to block a foreclosure proceeding in 2009. … [more]