Owners of stables look to sell

Carriage horse industry may finally give in to developers’ offers

New York /
Dec.December 07, 2014 05:00 PM

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


Related Articles

arrow_forward_ios
Mayor Steven Fulop (Mayor Steven Fulop)
Jersey City needs developers to make its inclusionary housing work
Jersey City needs developers to make its inclusionary housing work
Mayor Bill de Blasio (Getty, iStock)
De Blasio’s post-mayoral home has been a 4-star Brooklyn hotel
De Blasio’s post-mayoral home has been a 4-star Brooklyn hotel
Can the world’s most famous skyline also be the most forward-thinking on climate?
Can the world’s most famous skyline also be the most forward-thinking on climate?
Can the world’s most famous skyline also be the most forward-thinking on climate?
Mayor Eric Adams and Bill de Blasio (Getty)
3 things you missed while cheering de Blasio’s departure
3 things you missed while cheering de Blasio’s departure
Photo via NYCEDC
NYC floats $5B coastline extension in Lower Manhattan climate plan
NYC floats $5B coastline extension in Lower Manhattan climate plan
Mayor’s Office of Climate and Sustainability director Ben Furnas and The Real Deal's Hiten Samtani (Ben Furnas)
Exit interview: New York’s climate chief on reshaping the city
Exit interview: New York’s climate chief on reshaping the city
From left: Gov. Kathy Hochul, Mayor Bill de Blasio, Public Advocate Jumaane Williams, and Rep. Lee Zeldin
Here’s where the top contenders for NY governor stand on real estate
Here’s where the top contenders for NY governor stand on real estate
Council members Margaret Chin and Carlina Rivera (Getty, iStock)
City Council tweaks Soho rezoning, assuring its passage
City Council tweaks Soho rezoning, assuring its passage
arrow_forward_ios

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

Loading...