Former Hotel Chelsea manager buys on Fifth Avenue

TRD New York /
Jan.January 10, 2012 01:30 PM

Former owner/manager of the Hotel Chelsea, Stanley Bard, must’ve gotten more than art from developer Joseph Chetrit for the iconic lodge. Bard and his wife, Phyllis, closed on an Upper East Side apartment for $4.7 million yesterday, the New York Observer reported. The apartment is at 1001 Fifth Avenue, at 82nd Street.

Bard was the hotel’s noted manager during the 1970s, when he frequently accepted art for rent and welcomed figures such as Patti Smith, Iggy Pop, Charles Bukowski and Bob Dylan into the building.

A partnership between Bard and two others owned the hotel, at 23rd Street, until 2011, when Chetrit bought it for $80 million. Since the sale the residents have scuffled with non-union construction crews performing renovations in the building and pursued legal action against the new owner. Most recently, Chetrit moved to evict 10 tenants he claims are not protected by rent-stabilization, as well as those withholding rent due to what they claim are the hazardous conditions in the building created by the ongoing construction. [NYO]


Related Articles

arrow_forward_ios
The Hotel Chelsea (Credit: Ben Hider/Getty Images)

Chelsea Hotel owner notches court win over work at iconic property

Chelsea Hotel owner notches court win over work at iconic property
110 East 76th Street and Joseph Chetrit (Credit: Google Maps; Sylvain Gaboury/Patrick McMullan via Getty Images)

Joseph Chetrit sells UES townhouse for $25M

Joseph Chetrit sells UES townhouse for $25M
The Chelsea Hotel at 222 West 23rd Street and Ira Drukier (Credit: Google Maps; Drukier by Jared Siskin/Patrick McMullan via Getty Images)

Chelsea Hotel renovation amounted to tenant harassment, city says

Chelsea Hotel renovation amounted to tenant harassment, city says
118 East 76th Street and Developer Joseph Chetrit (Credit: Google Maps and Getty Images)

Manhattan luxury home market off to worst start in seven years

Manhattan luxury home market off to worst start in seven years
Joseph Chetrit and 98 Montague Street in Downtown Brooklyn (Credit: Getty Images and Google Maps)

Chetrit Group lands $112M refi for Hotel Bossert project

Chetrit Group lands $112M refi for Hotel Bossert project
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)

Jacob Chetrit buying Daily News building from SL Green for $815M

Jacob Chetrit buying Daily News building from SL Green for $815M
Joe Chetrit revealed as buyer of SL Green’s 1231 Third Avenue

Joe Chetrit revealed as buyer of SL Green’s 1231 Third Avenue

Joe Chetrit revealed as buyer of SL Green’s 1231 Third Avenue
Lies in size: Commercial landlords get boost from increasing ‘loss factor’ and charging for unusable common spaces

Lies in size: Commercial landlords get boost from increasing ‘loss factor’ and charging for unusable common spaces

Lies in size: Commercial landlords get boost from increasing ‘loss factor’ and charging for unusable common spaces
arrow_forward_ios

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

Loading...