Thursday, September 14, 2017

Report: Threats made in ongoing battle over 97 2nd Ave.

Raphael Toledano continues to build his impressive tapestry of quotable quotes in his tenure as an East Village landlord.


His latest keepsake soundbite came during the ongoing battle over 97 Second Ave. between Toledano and Michael Shah’s Delshah Capital. Both landlords are claiming ownership of the 11-unit building. (It's complicated.)

The Real Deal has all the details about the legal drama here.

In August ... Toledano filed for Chapter 11 bankruptcy protection on the property and tried to procure a buyer. According to court documents filed by Shah, Toledano also used that time to threaten and extort him. Toledano threatened to instruct the tenants to withhold rent, according to the documents, and told Shah, “I will bury you, literally. I will bury this building and make sure of it.”

The 6-story building between Sixth Street and Fifth Street was one of the first East Village properties purchased by Toledano. Public records show that Toledano paid $4.95 million for it in April 2014. Toledano said in the bankruptcy protection filing that the property is valued at $15.1 million, per the Commercial Observer.

As for the status of Tolednao and his other neighborhood properties, The Real Deal reported:

The 27-year-old landlord is awaiting approval for the sale of the deeds of 15 distressed East Village properties to lender Madison Realty Capital, which recently replaced him as property manager on the buildings.



Previously on EV Grieve:
Claim: Landlord of 444 E. 13th St. threatened 'to drop dynamite on the building'

14 comments:

  1. Rafi says he's going to bury the building? That's a really stupid and insensitive thing to say considering that several neighboring buildings were destroyed in the gas explosion and were in fact buried, and Michael Hrynenko was also just buried after dying mysteriously. He sounds like a caricature out of The Sopranos whose real estate deals are going bust. Boo hoo! 😒.

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  2. we just need to be close to the river's edge and we'll all see his.........

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  3. I feel like a public service announcement needs to be made, reminding people in the English-speaking world of what the word "literally" means. We have gotten to a point where the word "literally" is now interchangeable with the word "figuratively". These words used to be opposites, and for good reason. You dolts are killing the efficacy of our language for fuck's sake.

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  4. Michael Hrynenko, how's Thailand?

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  5. Literally needs to go. 99% of the time it's redundant. I'm LITERALLY laughing right now. No, you're laughing. It's an unnecessary qualifier used by overly dramatic self important morons.

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  6. There was a notice to tenants posted on the front door last week regarding the new ownership and promised more info to follow. Anyone have that?

    Also, 99 Second Avenue, right next door has a VACATE order posted on it. Seems that it was being used as an illegal hotel....single occupancy room only type of place, but like an AirBnB type situation, that was had safety issues about egress....anyone have more info on that? Different landlord?

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  7. How is this thug not languishing in the same jail cell as Martin Shkreli? They're cut from the same bro-cloth, so might as well be bro-mates in prison.

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  8. @Gojira: Thank you, that's exactly what I was thinking. The Shkreli's and Rafi's of this world represent a very special kind of self-congratulatory stupidity.

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  9. I've never heard someone say "I'm literally laughing right now." It's usually along the lines of, "I'm literally dying of boredom." You're not literally dying unless someone has to call for an ambulance. I also cringe when I hear, "very unique," but that is a lost battle.

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  10. He would make a great cellmate with and for Martin Shkreli.

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  11. Irregardless, some people could (supposeably) care less.

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  12. "Irregardless"isn't really a word. Why not just say, "regardless'?

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  13. I think the entire sentence was meant as a goof.

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