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The Real Deal
The Chetrit Group has landed $200 million in construction refinancing
for its planned multifamily redevelopment at Jamaica’s Mary Immaculate
Hospital site, according to sources familiar with the deal.
The funding comes from Square Mile Capital in a deal that was
brokered by Henry Bodek of Galaxy Capital Group. The project will be a
four-building, 324-unit complex at 150-13 89th Avenue in Queens.
Bodek declined to comment on the deal. Square Mile Capital and Chetrit did not respond to requests for comment.
From
The Real Deal:
A partnership between the Chetrit Group and Queens developer Mount Sinai Properties pre-filed permits to build a 122-unit apartment complex at the former site of the Queens Motor Inn.
The partners are looking to build an 11-story residential building at 43-21 64th Street in Woodside, just a few blocks the Brooklyn-Queens Expressway. The planned structure would contain 122 apartments, according to documents filed with the Department of Buildings. Plans call for a nearly 99,000-square-foot property with about 95,000 square feet for residential space and 3,400 square feet of commercial space. Amenities at the property include recreation rooms on the eighth floor and a rooftop space, according to the plans. The ground floor commercial space is earmarked for a car showroom.
Chetrit and Mount Sinai acquired the property, which used to have the address of 64-11 Queens Boulevard, for $13.4 million in August of last year. Demolition permits were filed for the two-story building on the site in August of 2016. The property used to house the Queens Motor Inn, a motel that rented rooms by the hour.
From the
NY Post:
A developer is trying to boot an elderly concentration-camp survivor from his rent-stabilized Manhattan pad by claiming that the man really still lives in Romania — in the small shack seized from his family in the 1940s.
But tenant Lucien Orasel Tomberg, 73, says he hasn’t set foot in his family’s home since Romania’s Communist government took it over in 1948 and sent him, his three brothers and parents to a concentration camp.
Tomberg was the only one who survived.
“It is no small irony that the landlord has seized on the Banul Manta property as a basis for attempting to evict me from my apartment,” Tomberg says in Manhattan Supreme Court papers.
“It is vaguely reminiscent of a very dark episode in human history, of which I and my family were most unfortunate victims.”
At stake is Tomberg’s sprawling two-bedroom apartment at 1200 Fifth Ave., which its owner wants to convert to a million-dollar condo.
The longtime tenant pays $800 a month for the pad, which comes with views of Central Park; a similar unit is on the market for $1.7 million.
The Chetrit Group — the real-estate empire involved in the $1.3 billion sale of Chicago’s Willis Tower — owns the pre-war building through a subsidiary, 1200 Fifth Associates LLC, city property records show. The company began converting the apartments to condos in 2007.
The landlord claims that Tomberg should be kicked out because the cheap pad is not “his primary residence.”
The suit says Tomberg really lives at Banul Manta NR 79 Sector 1 in Bucharest.
