Ben Shaoul has until July to remove illegal EV penthouse

Developer given latest deadline in saga at 515 East 5th Street

New York /
May.May 15, 2015 04:55 PM

The city’s Board of Standards and Appeals has given developer Ben Shaoul yet another deadline at the end of July to demolish an illegal penthouse addition at 515 East 5th Street in the East Village.

The Magnum Real Estate Group head’s additions on the sixth and seventh floors of the property have proven highly contentious in recent years, drawing community ire due to statutes in the city’s Multiple Dwelling Law regarding safety and elevator requirements.

While Shaoul requested a zoning variance that would have allowed the floors to remain, the Board of Standards and Appeals ruled last year that the developer had 60 days to demolish the seventh-floor penthouse before it could consider whether the sixth floor could stay, EV Grieve reported.

Shaoul has now received another deadline to remove the penthouse by the end of July, according to EV Grieve, with city permits approved for the removal of both the penthouse and the sixth floor. [EV Grieve]Rey Mashayekhi


Related Articles

arrow_forward_ios
Magnum Real Estate's Ben Shaoul and 87 Leonard Street (Getty; StreetEasy)

Tribeca condo owners sue Magnum Real Estate, seeking $7.6M

Tribeca condo owners sue Magnum Real Estate, seeking $7.6M
Ryan Serhant (Credit: Ryan Serhant via YouTube)

Ryan Serhant’s $50K cash offer to buyers’ agents ruffles feathers

Ryan Serhant’s $50K cash offer to buyers’ agents ruffles feathers
Magnum Real Estate Group's Ben Shaoul (Credit: Getty Images and iStock)

Ben Shaoul uses Bitcoin to sell retail condo for $15M

Ben Shaoul uses Bitcoin to sell retail condo for $15M
Magnum Real Estate's Ben Shaoul and 385 First Avenue (Credit: Getty Images and StreetEasy)

Investor linked to detained Chinese oil tycoon snaps up 10 condos at Ben Shaoul’s Gramercy Park tower

Investor linked to detained Chinese oil tycoon snaps up 10 condos at Ben Shaoul’s Gramercy Park tower
Ben Shaoul and Liberty Toye at 62 Avenue B in Brooklyn (Credit: Getty Images and Liberty Toye)

Ben Shaoul sells Liberty Toye building to Bronx investor for $85M

Ben Shaoul sells Liberty Toye building to Bronx investor for $85M
Ben Shaoul in contract to sell incomplete Liberty Toye for roughly $85M: sources

Ben Shaoul in contract to sell incomplete Liberty Toye for roughly $85M: sources

Ben Shaoul in contract to sell incomplete Liberty Toye for roughly $85M: sources
The PH at Ben Shaoul’s 100 Barclay didn’t list for $105M as rumored

The PH at Ben Shaoul’s 100 Barclay didn’t list for $105M as rumored

The PH at Ben Shaoul’s 100 Barclay didn’t list for $105M as rumored
Take 3: Ben Shaoul launches sales at rebranded LES condo

Take 3: Ben Shaoul launches sales at rebranded LES condo

Take 3: Ben Shaoul launches sales at rebranded LES condo
arrow_forward_ios

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

Loading...