The Real Deal New York

Posts Tagged ‘ben shaoul’

  • 31 Second Avenue in the East Village (inset: Ben Shaoul)

    31 Second Avenue in the East Village (inset: Ben Shaoul)

    Ben Shaoul’s Magnum Real Estate sold its East Luxe rental building, at 31 Second Avenue in the East Village, for $29 million to real estate investor Sunny Yung, according to property records filed with the city Wednesday. [more]

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  • Ben Shaoul and Bloom 62

    Ben Shaoul and 62 Avenue B in the East Village

    Raucous blowouts on the rooftop of Ben Shaoul’s Bloom 62 in the East Village are apparently now a thing of the past. The developer is putting a stop to “excessive” partying that he claims has “destroyed” the building’s amenity space. [more]

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  • 515 East 5th Street

    Ben Shaoul and 515 East 5th Street in the East Village

    The city’s Board of Standards and Appeals has given developer Ben Shaoul yet another deadline at the end of July to demolish an illegal penthouse addition at 515 East 5th Street in the East Village.

    The Magnum Real Estate Group head’s additions on the sixth and seventh floors of the property have proven highly contentious in recent years, drawing community ire due to statutes in the city’s Multiple Dwelling Law regarding safety and elevator requirements. [more]

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  • 100 Barclay Street

    Ben Shaoul (inset) and 100 Barclay Street

    Condominium units at developer Ben Shaoul’s Verizon Building conversion in Tribeca have hit the market at prices ranging from $3.2 million to $11.5 million. [more]

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  • Ben Shaoul (inset), Katz's Deli and a rendering for 196 Orchard Street

    Ben Shaoul (inset), Katz’s Deli and a rendering for 196 Orchard Street

    UPDATED, April 21, 2:00 p.m.: Ben Shaoul has teamed up with Real Estate Equities Corp. to close on a $75 million assemblage on the Lower East Side where they plan to develop a mixed-use building next to Katz’s Deli, The Real Deal Has learned. [more]

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  • Ben Shaoul and Bloom 62

    Ben Shaoul and 62 Avenue B in the East Village

    Ben Shaoul is asking $80 million for Bloom 62 — his 81-unit rental building in the East Village — after attempting to sell it for $73 million just four months ago. [more]

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  • From left: Ben Shaoul and 140 West Street

    Ben Shaoul’s Magnum Real Estate and partner CIM Group secured a $390 million loan they will use to convert the Verizon building to 166 luxury residential units.

    New York-based iStar Financial and Stamford-based H/2 Capital provided the three-year, Libor-based loan, which will be used to convert the upper 22 floors of 140 West Street to condos. Verizon will continue to operate offices in the lower 10 floors of the building, which has been rebranded as 100 Barclay Street, the New York Observer reported. [more]

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  • From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    UPDATED, Dec. 17, 4:17 p.m.: Ben Shaoul’s conversion of a four-story multifamily building in West Chelsea into a modern townhouse has set a record north of 23rd Street, broker Leonard Steinberg claims. [more]

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  • From left: Ben Shaoul, 140 West Street and the lobby at the Woolworth Building

    From left: Ben Shaoul, 140 West Street and the lobby at the Woolworth Building

    Developer Ben Shaoul could be asking more than $100 million for the penthouse at the former Verizon headquarters 140 West Street, a property he is turning into a luxury condo building. He is one in a line of developers who are bringing nine-figure units to the market.
    [more]

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  • 119-w-24

    Renderings of 119 West 24th Street in the Flatiron District

    Ben Shaoul and the CIM Group’s Verizon Building conversion and Kaufman Organization’s office building at 119-125 West 24th Street, which recently launched leasing, are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

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  • From left: 140 West Street and Ben Shaoul

    From left: 140 West Street in the Financial District and Ben Shaoul

    Ben Shaoul, the developer who’s turning Verizon’s former downtown headquarters into a luxury condominiums, has bought the building’s 40,000-square-foot retail space for $40 million. [more]

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  • From left: Ben Shaoul and 196 Orchard Street

    Developer Ben Shaoul’s Mangum Real Estate is planning to build a 10-story, 83-unit residential building on the Lower East Side. [more]

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  • From left: Ben Shaoul and 62 Avenue B

    From left: Ben Shaoul and 62 Avenue B

    Ben Shaoul is looking to sell his Bloom 62 for $73 million in cash. [more]

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  • From left: Shimon Shkury and 305 East 86th Street, part of Stellar Management and the Chetrit Group’s $485-million buy during the third quarter

    From left: Shimon Shkury and 305 East 86th Street, part of a $485-million buy during the third quarter

    Driven by a trio of $200 million-plus deals, the city’s multifamily sector climbed to more than $3 billion worth of sales in the third quarter. [more]

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  • From left: Ben Shaoul, Post Toscana, Post Luminaria

    From left: Ben Shaoul, Post Toscana on the Upper East Side and Post Luminaria in the East Village

    UPDATED, 2:40 p.m., October 18: Ben Shaoul now has the funds he needs to close on the purchase of two apartment buildings along Manhattan’s East Side and convert them into condos. The developer and founder of Magnum Real Estate Group received two loans totaling $270 million for the Post Toscana at 389 East 89th Street and the Post Luminaria at 385 First Avenue. [more]

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  • shaoul

    Ben Shaoul and 515 East 5th Street in East Village

    The Board of Standards and Appeals ordered that developer Ben Shaoul remove a controversial seventh-floor penthouse at 515 East 5th Street in the East Village.

    Shaoul received 60 days to finish demolition of the penthouse. The board will then decide whether to approve the zoning variances needed for the sixth floor to remain. After completing the addition in 2007, Shaoul ran into trouble with the Board of Standards and Appeals, which reversed the 2006 Department of Buildings ruling allowing the additional two floors, as previously reported. [more]

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  • From left: Ben Shaoul and 340 East 24th Street

    From left: Ben Shaoul and 340 East 24th Street

    Ben Shaoul received $71 million in construction funds to build a dormitory in Kips Bay. [more]

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  • Ben Shaoul

    389 East 89th Street, Ben Shaoul and 385 1st Avenue

    WEEKENDEDITION Developer Ben Shaoul, who is in the midst of a condo conversion at the historic Art Deco Verizon Building, is now making plays at two more towers at a cost of $270 million. [more]

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  • verizon

    Frm left: 1095 Sixth Avenue, 140 West Street and Verizon Communications CEO Lowell McAdam

    Verizon Communications plans to relocate its corporate offices to a familiar spot – its former digs at the Blackstone Group’s 1095 Sixth Avenue. [more]

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  • From left: 450 West 20th street, interior and Ben Shaoul

    From left: 450 West 25th street, interior and Ben Shaoul

    Ben Shaoul has overhauled a single-family townhouse in West Chelsea, and for his troubles, he’s seeking roughly $7.3 million more than he paid for the property. [more]

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