A Lower East Side property once part of a portfolio owned by Warhol muse “Baby Jane” Holzer has sold for $20.3 million.
Croman Real Estate picked up 193-195 Stanton Street, a 50-apartment, 48,000-square-foot building, the Lo Down blog reported.
The firm had also agreed to purchase three other buildings owned by Holzer — 60 Avenue B, 159-161 Stanton Street and 343 East 8th Street — in 2012, but the deal faltered when Holzer allegedly threatened to rent out 18 empty rent-stabilized units in the buildings unless Croman paid her an additional $2.5 million.
Croman sued the socialite, accusing her of attempting to extort millions in the sale.
As if that weren’t enough drama, the city also investigated possible “illegal hotel units” within the property this summer, according to Department of Buildings records cited by the Lo Down. [Lo Down] — Julie Strickland