The Real Deal New York

Posts Tagged ‘israel perlmutter’

  • 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from a bank account controlled by slain Brooklyn landlord Menachem Stark and his business partner Israel Perlmutter was withdrawn over a “protracted period of time,” according to new court filings.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]

    3 Comments
  • 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]

    7 Comments
  • 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]

    1 Comment
  • 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)

    Slain developer Menachem Stark’s inability to pay back a loan secured by a 74-unit Williamsburg
 rental property were among the bad bets that caused a Chicago bank to go into bankruptcy, according to a lawsuit. [more]

    15 Comments
  • stark-stakeout

    Menachem Stark  (Photo credit: Eli Wohl) and the minivan

    One of at least two men believed to have kidnapped and killed Williamsburg landlord Menachem Stark was staking him out for two weeks prior to last Thursday’s incident.

    The man, who remains unidentified, was seen in the Brooklyn neighborhood as early as Dec. 19. Stark’s widow told police she saw a Dodge Caravan minivan matching the description the car that nabbed him parking outside their house roughly one week before the abduction. A third person may have been in the van and served as the driver, law enforcement sources said. [more]

    8 Comments
  • Menachem Stark (right) with his wife and son

    Menachem Stark (right) with his wife and son

    Menachem Stark’s brutal murder last week may have been masterminded by one of the many people whom he owed money to, according to police department sources.

    Stark owed sums ranging from thousands of dollars to hundreds of thousands of dollars, and one of his creditors may have run out of patience, police sources said. The sources added that the two men who were hired to abduct and kill Stark may have been recruited from abroad. [more]

    3 Comments
  • stark

    From left: Henry Mazurek and Menachem Stark (Photo credit: Eli Wohl)

    In response to reports that police consider him a murder suspect, Israel Perlmutter – business partner to slain Brooklyn landlord Menachem Stark – said he is “angered and distraught by such a baseless allegation.”

    “Mr. Perlmutter is outraged at any insinuation that he had anything to do with this unthinkable violent act against a dear friend and partner,” said his attorney, Henry Mazurek of Clayman & Rosenberg.  [more]

    5 Comments
  • 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]

    23 Comments
  • 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]

    47 Comments
  • Menachem Stark

    Menachem Stark (Photo credit: Eli Wohl)

    UPDATED, 4:14 p.m., Jan. 3: Menachem Stark, a Brooklyn-based real estate developer from the Satmar Hasidic sect, has been kidnapped from his Williamsburg office, according to police reports.

    Stark was kidnapped late Thursday night by two assailants, police said. One man was lying in wait outside Stark’s office, and when Stark emerged, a struggle ensued. A second man then pulled up in a minivan and together, the men hustled Stark into the van and drove off, according to surveillance tape seen by the police. The investigation is ongoing, a police dispatcher told The Real Deal. [more]

    12 Comments
  • 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]

    1 Comment
  • alternate<br /></a>text
    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]

    10 Comments
MENU