Gottlieb’s downtown buildings for sale

June 07, 2010 01:00PM

79 Horatio Street, 104 East 10th Street

Neil Bender, heir to the William Gottlieb real estate empire in
Manhattan, is selling two downtown buildings, a rare break with his
family’s decades-old opposition to unloading property, the Wall
Street Journal reported. The estate is asking $8.5 million for a
19th-century townhouse at 79 Horatio Street, the first of the two buildings being sold.
The building is in poor condition and will likely be condemned and
require a gut renovation, according to people familiar with the
property. The second building, at 104 East 10th Street in the East
Village, has an asking price of $6 million. Both buildings were
listed a week ago by Halstead Property. Bender runs the estate of his
uncle William Gottlieb, who started buying swaths of property in the
1950s. By the time of his death in 1999, he had accumulated more than
100 buildings in downtown Manhattan that some brokers have estimated
would be valued at $1 billion. The Gottlieb family has been feuding
over the rights to the property empire for years. Last month,
Bender won a victory over his sister Cheryl Dier, who alleged that
he was unfit to run the estate’s portfolio. [WSJ]