tag:blogger.com,1999:blog-5694390946037511355.post8917523139735084649..comments2024-03-29T01:38:51.887-04:00Comments on EV Grieve: Raphael Toledano is selling 5 more East Village buildingsUnknownnoreply@blogger.comBlogger17125tag:blogger.com,1999:blog-5694390946037511355.post-20288189360229696642016-09-10T17:47:10.768-04:002016-09-10T17:47:10.768-04:00He might be rich but he is not self-made. He used ...He might be rich but he is not self-made. He used Aaron Jungreis' money and connections to set up an under the table deal to buy a portfolio of buildings significantly below market price. Jungreis could have chosen anyone to play the part that Toledano played and the result would have been the same.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-65305187642728234222016-09-09T20:52:25.064-04:002016-09-09T20:52:25.064-04:00Probably because the EV is a horrible place to act...Probably because the EV is a horrible place to actually live. Average 35-50 EMS sirens per day. PTSD is the only thing guarateed in the EV. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-28394605493758766612016-09-09T14:04:54.257-04:002016-09-09T14:04:54.257-04:00Hate to break it to you but these were his plans. ...Hate to break it to you but these were his plans. He is going to make a ton of money off these deals. Got in over his head? He borrowed money- flipped some properties- will pay back the loans and take home a fortune and also buy more properties somewhere else. The tenants stood up to him? A million dollars is just the cost of doing business. How much of that million goes to the lawyers and taxes? How many tenants will split whatever is left? I hope those tenants are RS lifers who never plan to move because they will have serious problems renting another apt in NYC if they have a history of suing the landlord. Donnie Moder is 100% correct in his comments.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-90094823947247057302016-09-09T13:31:11.839-04:002016-09-09T13:31:11.839-04:00Sounds like he got in over his head. I applaud the...Sounds like he got in over his head. I applaud the tenants who stood up to him and got in the way of his plans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-43831132992024954712016-09-08T18:19:02.321-04:002016-09-08T18:19:02.321-04:00No matter how much money he makes, he'll ALWAY...No matter how much money he makes, he'll ALWAYS be a smurf. Or a gnome.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-65708658873281642852016-09-08T15:02:20.174-04:002016-09-08T15:02:20.174-04:00A gain is a gain, also there are ways to offset or...A gain is a gain, also there are ways to offset or avoid the gain.Brianhttps://www.blogger.com/profile/16018698439789288968noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-43648121488008405562016-09-08T14:20:03.472-04:002016-09-08T14:20:03.472-04:00Sorry, but something's fishy here. It was note...Sorry, but something's fishy here. It was noted at the time that the buildings were purchased that the price for the portfolio was significantly below market price. Someone is trying to dodge taxes and Toledano is only one player in this game.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-33462542735207678662016-09-08T13:09:29.808-04:002016-09-08T13:09:29.808-04:00he will not get hit with a huge tax bill , he will...he will not get hit with a huge tax bill , he will do a 1031 exchange (look it up) and then borrow on the new properties , will put millions in his pocket. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-72159902415299639902016-09-08T12:34:27.156-04:002016-09-08T12:34:27.156-04:00http://www.zerohedge.com/news/2016-09-07/nyc-real-...http://www.zerohedge.com/news/2016-09-07/nyc-real-estate-weakness-spreading-lower-pricing-tiersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-35970950779126883002016-09-08T11:05:58.324-04:002016-09-08T11:05:58.324-04:009:49
Not if he rolls his gains over into other re...9:49<br /><br />Not if he rolls his gains over into other real estate. <br /><br />Bushwick look out.<br /><br /><br />And disappointingly, it appears that he is "worth a fuckload of money, bro."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-9113253698871806682016-09-08T11:03:42.933-04:002016-09-08T11:03:42.933-04:00The profits from the sale will immediately go towa...The profits from the sale will immediately go towards corrective plastic surgery to attempt to reverse the tragic makeover that made Raphael Toledano look like a human smurf. Giovannihttps://www.blogger.com/profile/11061991537085810824noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-29541803913461483112016-09-08T11:00:40.424-04:002016-09-08T11:00:40.424-04:00No way those buildings are going to sell at asking...No way those buildings are going to sell at asking price...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-72179072288477940012016-09-08T10:23:44.801-04:002016-09-08T10:23:44.801-04:00The REAL question is: what / where is he buying??...The REAL question is: what / where is he buying???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-32390369645619801502016-09-08T09:49:56.163-04:002016-09-08T09:49:56.163-04:00If he's selling buildings he held for less tha...If he's selling buildings he held for less than a year, he's going to get hit with a ton of short-term gain tax. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-35257833661731798162016-09-08T09:47:54.443-04:002016-09-08T09:47:54.443-04:00No one should be happy that this piece of shit is ...No one should be happy that this piece of shit is selling until they find out wbo he's selling *to*. Cos in this market, it ain't gonna be to some benevolent individual, it's either going to be to a rapacious corporation or to another human Great White. Gojiranoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-17383159708498884532016-09-08T08:37:14.639-04:002016-09-08T08:37:14.639-04:00I don't like him, but...If he is selling near ...I don't like him, but...If he is selling near those prices, he is making a tons of money through the capital gain. Those buildings roughly doubled in price since aquisition? He just got a huge bargain when he bought, did some tenant terrorism to increase net rental income, also happens to have bought just before market took another leap higher. Just could not have caught the wave better. Even that $1 million he settled with tenants is overall chicken feed to what he is reaping. Sad about 97 Second was in his hands, but even the restaurant replacing the lauder mat increased income tremendously. The big key was the low below market aquisition cost. The fact he borrowed tons and used other people's money to finance is another feather in his cap.Brianhttps://www.blogger.com/profile/16018698439789288968noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-36033330588940959422016-09-08T08:26:23.912-04:002016-09-08T08:26:23.912-04:00If there's precedent in judgment and money awa...If there's precedent in judgment and money awarded more of his past and current building tenants should get on the litigous bandwagon and sue him. Anonymousnoreply@blogger.com