Midtown condo board sues owner for allegedly running illegal bed-and-breakfast

Residents of 303 East 49th claim apartment has hosted 35 guests in last six months

New York /
May.May 20, 2015 11:15 AM

A Midtown East condo board is suing the owner of a unit in the building for allegedly running an illegal bed-and-breakfast charging guests up to $200,000 for a six-week stay.

The board of the Peregrine Tower, at 303 East 49th Street, claims owner Charles Salcetti has hosted 35 different guests at the two-bedroom apartment over the past six months. Salcetti, a Maryland-based commercial real estate executive, claimed the $1.35 million apartment would be for his own residential use when he purchased it last year, according to the New York Post.

But the condo has allegedly been used by an array of guests belonging to a Colorado-based timeshare company called Lifestyle Asset Group, according to documents filed in Manhattan State Supreme Court.

A group of 50 timeshare members pay a $185,000 initial investment, plus $15,000 a year, for six weeks at six luxury properties including the Peregrine Tower and homes in Miami and the Turks and Caicos Islands, the Post reported.

Brooklyn Nets CEO Brett Yormark bought a unit in the condo building for $3.45 million in 2013. [NYP]Rey Mashayekhi


Related Articles

arrow_forward_ios
Abraham Edgardo Ortega is one of nine people charged in the laundering scheme. (Getty, Department of Justice)
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Ira Drukier with the Hotel Chelsea (Getty, Patrick McMullan/Getty)
Chelsea Hotel owners sue city for $100M over renovation delays
Chelsea Hotel owners sue city for $100M over renovation delays
RSA's Joseph Strasburg and Judge Lawrence Marks (Getty, Strasburg via Jeffersons Siegel)
Landlord group challenges state eviction ban
Landlord group challenges state eviction ban
RXR Realty's Scott Rechler with 75 Rockefeller Plaza (Getty, David Shankbone/Wikimedia)
RXR Realty serves American Girl with a lawsuit
RXR Realty serves American Girl with a lawsuit
U.S. District Court Judge Dabney Friedrich (Senate/Chris Coons, iStock)
Judge strikes down federal eviction ban
Judge strikes down federal eviction ban
Grant Cardone (Getty)
Grant Cardone crushes lawsuit accusing him of misleading real estate investors
Grant Cardone crushes lawsuit accusing him of misleading real estate investors
Lisa and Todd Sheppard with Compass CEO Robert Reffkin (Team Shep, Getty)
Compass hit with another lawsuit from former agents
Compass hit with another lawsuit from former agents
Phyllis and Mitchell Kossoff (Getty, iStock)
Vanished attorney’s mother claims son forged her signature on loan docs
Vanished attorney’s mother claims son forged her signature on loan docs
arrow_forward_ios

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

Loading...