The Real Deal New York

Owners of stables look to sell

Carriage horse industry may finally give in to developers’ offers
December 07, 2014 05:00PM

Ahead of Mayor de Blasio’s vow to abolish the carriage horse industry, stable owners are reluctantly considering selling their properties.

So far, owners of the four remaining stables, located on the far West Side in Midtown, have seen and declined lucrative offers from developers. But experts say they would be wise to sell sooner than later, according to the New York Daily News.

“Any competent lawyer is going to say to these guys ‘Look, you’re out of options. You’re either going to sell now or you’re going to be leaving money on the table,’ ” one real estate attorney told the Daily News.

The four remaining stables are: the Clinton Park Stables, located on 52nd Street near the Hudson River; the West Side Livery stable on West 38th Street; the Central Park Carriages on West 37th Street between 10th & 11th Avenues; and the Chateau Stables at 608 West 48th Street.

De Blasio’s ban will be introduced in the City Council this week. [NYDN] Christopher Cameron