UWS synagogue in danger of foreclosure

TRD New York /
Feb.February 09, 2011 01:09 PM
From left: Ilan Bracha, Rabbi Yishayahu Yosef Pinto and 240 Riverside Boulevard (building photo credit: CityRealty)

The wife of a developer wrote a $56,000 personal check in an effort to stop foreclosure proceedings on a proposed synagogue site for Yishayahu Yosef Pinto, a rabbi with strong ties to the real estate world, the Wall Street Journal reported. For the last several years, Pinto has been raising money to open a synagogue on the ground floor at the Heritage at Trump Place condominium at 240 Riverside Boulevard. In 2008, Ilan Bracha — who recently left Prudential Douglas Elliman to open a Manhattan office for Keller Williams — and his B + B Investment Group partner, developer Haim Binstock, paid $1.65 million for the 2,700-square-foot space, with plans to donate it for the rabbi’s use. Construction hasn’t yet started. Last year, the condo board obtained a judgment against Bracha and Binstock in Civil Court for $55,753 in unpaid common charges and other fees, according to the condo board and court records. At the end of last year, the board started foreclosing on the property. On Monday, following the Journal’s inquiries into the property’s foreclosure, the board said it received a personal check from Binstock’s wife. Bracha said common charges were withheld related to a dispute between the board and the owners over access to the building. Bracha and Binstock planned to build a synagogue at the space to complement Rabbi Pinto’s existing synagogue on the East Side, but have not yet submitted any construction plans for approval to the condo board, according to the board. [WSJ]


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
(iStock)

Brooklyn and Queens Q2 sales fall at highest rate in decade

Brooklyn and Queens Q2 sales fall at highest rate in decade
Douglas Elliman’s New York City CEO Steven James and Zillow Group NYC general manager Matt Daimler (Courtesy Elliman via Youtube; Zillow)

Elliman gives in to StreetEasy’s manual listings

Elliman gives in to StreetEasy’s manual listings
Ilan Bracha, Haim Binstock and 39 East 72nd Street (Getty, Elliman)

Vanderbilt mansion condo conversion in foreclosure

Vanderbilt mansion condo conversion in foreclosure
Douglas Elliman chairman Howard Lorber and Zillow CEO Rich Barton (Getty)

StreetEasy settles Elliman dispute with a major concession

StreetEasy settles Elliman dispute with a major concession
One Thousand Museum and Porsche Designer Tower (Porsche)

Douglas Elliman agent allegedly created scheme to pocket commission advances: lawsuit

Douglas Elliman agent allegedly created scheme to pocket commission advances: lawsuit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...