The Real Deal New York

Naftali sues wealthy renters who refuse to leave penthouse

Developer claims couple's continued presence has caused $25M in construction delays
March 19, 2015 01:50PM

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


  • skum

    skum landlord

  • SombreroMucho

    scum tenants. go stay in an airbnb until your apt is renovated.

  • cumonscum

    both scums

  • TwoPieceAndBiscuit

    Fair market apartment. Lease is up. Tenants, get the f*ck out.

  • Char4Dew

    Tenant must have read about the hold out at 15 CPW and they are holding out.
    NAFTALI you may have to hurt thier credit and put a judgment on it. along with legal fees.

    • Bro Ker

      that old man at 15 CPW was a RS tenant. This is a FM tenant being a d***. Not the same thing. Miki is no angel, but he is in the right here.

      • Char4Dew

        :) yes I know that 15 CPW was a RS lease. But you would be amazed how often out of towners have e-mailed that artilcle to me. that was an awesome story. I know L/L is right about this one especialy FM tenant. . But I still think the TN is thinking about his own win by not leabving, but I am pretty sure he will have to.

  • Marc

    I cannot see why this is even a story.