Squatters preventing sales of historic Bed-Stuy theaters

TRD New York /
Jul.July 16, 2010 08:30 AM

The Slave Theater

Two historic Bedford-Stuyvesant theaters have been rendered virtually
unsellable by squatters who refuse to leave, according to the Daily
News. At the Black Lady at 750 Nostrand Avenue, Rastafarian drug
dealers have taken over and remain even after two police raids this
year. And the Slave Theater at 1215 Fulton Street is inhabited by
associates of the former owner who insist on living there rent-free.
The pair of properties belongs to the estate of Brooklyn Civil Court
Judge John Phillips, who died in 2008. His heirs put the theaters on
the Market After Court-appointed guardians allegedly stole from the
estate and failed to pay taxes, leaving the family owing more than $2
million to the IRS. Phillips’ nephew, the Rev. Samuel Boykin, who is
managing the estate, said at least three offers from prospective buyers
have fallen through because of squatters. At the Black Lady, he said,
the squatters took down a “for sale” sign and changed the building’s
locks. In January, the estate took a church and a vendor who were
occupying the space to court to try to evict them. Boykin said the
family ideally would sell the theaters to a church or community group
instead of a developer. [NYDN]


Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M