Citi-Spaces has closed its East Village office at 174 Second Avenue, as well as its HQ at 55 West 39th Street.

More details have emerged about embattled residential real estate firm
Citi-Spaces since The Real Deal reported closure of its East Village
office yesterday. Company founder Israel Horowitz revealed today that the company has
faced serious cash-flow problems, including bouncing checks to agents,
and has closed not one but two offices in recent months. Horowitz
confirmed yesterday that Citi-Spaces had closed its biggest office, in
the East Village, but revealed today that it also closed its corporate
offices at 55 West 39th Street several months ago. The company has been
widely rumored to be ceasing operations, which Horowitz has denied. [more]