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
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
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
From left: Ben Ashkenazy, 1991 Broadway, 2067 Broadway and Samuel Gindi (Getty; Google Maps)

Billionaire developer Ben Ashkenazy in feud with investor over reputation, cash

Billionaire developer Ben Ashkenazy in feud with investor over reputation, cash
New York Wheel (S9 Architecture|Perkins Eastman; Pixabay)

Going in circles: Dueling New York Wheel lawsuits emerge

Going in circles: Dueling New York Wheel lawsuits emerge
HFZ's Ziel Feldman and CIM's Shaul Kuba (Getty, iStock)

HFZ sues CIM to halt condo foreclosure sale

HFZ sues CIM to halt condo foreclosure sale
(iStock)

Petition to overturn indoor dining restrictions squashed by judge

Petition to overturn indoor dining restrictions squashed by judge
Gotham Organization COO Phil Lavoie and 432 Park Avenue South (Google Maps)

Gotham Organization sued for unpaid rent at Park Ave South office

Gotham Organization sued for unpaid rent at Park Ave South office
Which law firms will come out on top in 2020?

Which law firms will come out on top in 2020?

Which law firms will come out on top in 2020?
arrow_forward_ios

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

Loading...