tag:blogger.com,1999:blog-5694390946037511355.post2689624437981253684..comments2024-03-19T08:22:17.001-04:00Comments on EV Grieve: Report: East Village landlord Raphael Toledano close to losing prize Chelsea buildingUnknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-5694390946037511355.post-36798981973008288862017-02-15T14:51:33.356-05:002017-02-15T14:51:33.356-05:00Don't forget the displacement of long term ten...Don't forget the displacement of long term tenants due to the incoming rich kids paying double the prices normal people would pay.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-20401726967641804262017-02-05T21:22:34.234-05:002017-02-05T21:22:34.234-05:00Toledano has no care about human life ..he has rap...Toledano has no care about human life ..he has raped the neighborhood of small buisnessss and long time residents . There is a hot place in Hell for shady slum lords like him and Brookhill Properties Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-6260134970397324722017-02-01T13:48:35.480-05:002017-02-01T13:48:35.480-05:009:51 AM
No, he's still very rich. He may lose...9:51 AM<br /><br />No, he's still very rich. He may lose a building/company here or there, but he's still pulling seven figure returns on each of his building sales (and that money is almost certainly non-recourse). <br /><br />He's going to walk away from the EV either rich as shit or rich as fuck, I'm not sure which one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-61984267493212115232017-01-31T18:51:57.393-05:002017-01-31T18:51:57.393-05:00You guys laugh now. But this could be your preside...You guys laugh now. But this could be your president in a few decades.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-82493020138795507052017-01-31T12:40:54.064-05:002017-01-31T12:40:54.064-05:00I can just picture this little guy arguing with th...I can just picture this little guy arguing with the Department of Health. "It's not toxic, bro!"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-25440115412979302242017-01-31T10:47:06.136-05:002017-01-31T10:47:06.136-05:00@9:51am: Yes, but as long as there are other pred...@9:51am: Yes, but as long as there are other predatory investors out there who will pay him 300% more to buy any of his buildings, tenants continue to lose. And our neighborhood continues to lose. I wouldn't care about any of this if Toledano and his ilk were only hurting themselves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-7887865507755419892017-01-31T10:46:09.371-05:002017-01-31T10:46:09.371-05:00And in the meantime, countless people have already...And in the meantime, countless people have already lost their housing and their lives ruined because of this evil person and his relentless greed. And the "laws" permitted it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-26166361817901875622017-01-31T09:51:33.539-05:002017-01-31T09:51:33.539-05:00So the Baby Smurf Rafael Toledano isn't as ric...So the Baby Smurf Rafael Toledano isn't as rich as he says he is after all, and his panic sale pricing is proof that there's trouble in paradise. According to other news reports, he is in deep with the bank on this deal, and if he does not give them a huge return by either jacking up rents or selling at a higher price, they get their money back, or else they foreclose and he he loses all of the properties. Since Toledano doesn't have that kind of money, he is desperately trying to flip the buildings, but the prices he is asking are insane. He is asking for 300% of what he paid in order to pay off the bank, otherwise he loses the entire deal and his properties will go into foreclosure. The banks are to blame for this kind of vulture capitalism, and so is Toledano for biting off more than he can chew. He is making the same mistake so many real estate people have made before--using too much leverage and getting way in over his head--and he will probaby end up losing it all, just like they did. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-54762663311205489762017-01-31T09:01:35.364-05:002017-01-31T09:01:35.364-05:00I suppose there will come a day when making short ...I suppose there will come a day when making short term flips and a 200% profit on EV walkups will end but until every rent stabilized apartment has vanished. Thank you Albany fucks for changing housing laws to favor real estate profits over the lives of working class citizens and their long term communities. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-67229254827940843072017-01-31T08:06:13.686-05:002017-01-31T08:06:13.686-05:00Ok. What is going here? Bought less than 3 years ...Ok. What is going here? Bought less than 3 years ago for $4.95M, selling for $15M, over 3x''s more now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-51612365401087758362017-01-31T07:30:09.569-05:002017-01-31T07:30:09.569-05:00No post is complete without his quote about him be...No post is complete without his quote about him being 'fucking rich bro'... Did he lose his quote too? NOTORIOUSnoreply@blogger.com