Croman picks up “Baby Jane” apartment building on LES

New York /
Oct.October 17, 2013 02:59 PM

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 StreetAnd 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


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

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

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

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Affordable housing developers hope the federal government set a floor rate for 4 percent Low Income Housing Tax Credits. (iStock)

Affordable housing developers look to feds for financing fix

Affordable housing developers look to feds for financing fix
Emily Giske, Scott Durkin, president and COO of Douglas Elliman, Bess Freedman, CEO of Brown Harris Stevens and Pam Liebman, CEO of the Corcoran Group (ERG Advisors, Douglas Elliman, Brown Harris Stevens, Corcoran Group)

NYC’s biggest brokerages take on Albany

NYC’s biggest brokerages take on Albany
Ken Fisher of Fisher Brothers and 605 Third Avenue (Fisher Brothers)

JPMorgan, Fisher Bros. land $400M refi on 605 Third

JPMorgan, Fisher Bros. land $400M refi on 605 Third
Ken  Griffin and lots on Star Island Drive (Citadel, Google Maps)

Ken Griffin continues buying spree with $25M Miami Beach parcel

Ken Griffin continues buying spree with $25M Miami Beach parcel
Clockwise from top: David Bistricer of Clipper Equity, Joseph Chetrit a rendering of the Gramercy Square condominium and Robyn Sorid of G4 Capital Partners (Photos via Clipper Equity, Getty, VUW, G4)

Chetrit, Bistricer’s Gramercy Square condo lands $207M loan

Chetrit, Bistricer’s Gramercy Square condo lands $207M loan
arrow_forward_ios

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

Loading...