Naftali sues wealthy renters who refuse to leave penthouse

Developer claims couple's continued presence has caused $25M in construction delays

New York /
Mar.March 19, 2015 01:50 PM

The Naftali Group sued a wealthy couple occupying one of its penthouses, claiming that the couple refused to leave after their lease expired and thus preventing the developer from proceeding with a condominium conversion.

Naftali bought the Shepherd House at 277 West 10th Street in the West Village in partnership with Starwood Capital last year for $68.2 million, with plans to convert the rental building to condos, and reduce the number of units from 145 to just 42, according to the New York Daily News.

David Moody, a mergers-and-acquisitions attorney, and Ellen Guilfoyle started renting the apartment in 2013 at $7,800 per month, but the rent eventually increased to $25,000 per month. Naftali served them with an early-termination notice last year, and their original lease expired in February, but allegedly, they are staying put. According to the suit, the couple has purchased a $4 million apartment nearby and does not want to leave until renovations are completed at The New Place.

The landlord also claims that the couple owes $120,000 in back rent, that their behavior has been “willful, malicious and unconscionable,” and that they have caused $25 million in construction delays. [NYDN] — Tess Hofmann

 

Related Articles

arrow_forward_ios
Miki Naftali and the corner of Madison and East 86th Street. (Getty, Google Maps)
Naftali Group nabs $102M loan for UES condo project
Naftali Group nabs $102M loan for UES condo project
Mickey Rabina and renderings of his 452,132 square foot building. (Getty, Rabina, Ceruzzi Properties)
The 10 biggest new project filings in NYC
The 10 biggest new project filings in NYC
Miki Naftali of Naftali Group and 470 Kent Avenue (Getty; Google Maps)
Naftali Group files plans for 400-unit towers in Williamsburg
Naftali Group files plans for 400-unit towers in Williamsburg
Miki Naftali
Is urban living dead? “I don’t buy it,” says Miki Naftali
Is urban living dead? “I don’t buy it,” says Miki Naftali
108 Leonard Street with Nicole Kidman and Keith Urban (Google Maps, Getty)
Nicole Kidman, Keith Urban nab condo at Tribeca clock tower condo conversion
Nicole Kidman, Keith Urban nab condo at Tribeca clock tower condo conversion
470 Kent Avenue and Naftali Group’s Miki Naftali (Credit: Google Maps, Gonzalo Marroquin/Patrick McMullan via Getty Images)
Naftali closes on large Williamsburg development site for $100M
Naftali closes on large Williamsburg development site for $100M
1165 Madison Avenue and Naftali Group's Miki Naftali (Credit: Google Maps and Gonzalo Marroquin/Patrick McMullan via Getty Images)
Naftali Group plans another Upper East Side condo
Naftali Group plans another Upper East Side condo
Steve Roth and Miki Naftali with 1167 Madison Avenue and 50 East 86th Street (Credit: Google Maps)
Naftali buys two vacated Vornado properties for $71M
Naftali buys two vacated Vornado properties for $71M
arrow_forward_ios

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

Loading...