An East Village landlord is facing foreclosure on his building at 180 First Ave... on the SE corner of 11th Street. (On the far left above.) According to Crain's New York Business, investors in a $7.1 million mortgage allege that owner Moshe Khoshkheraman has not made a loan payment since May.
A lawsuit filed Tuesday in Manhattan Supreme Court seeks to force an auction of the five-story building with the Michael Jackson murals on the north-facing wall, which arrived here in 2018.
The lawsuit also alleges that Khoshkheraman refused to allow an investor-appointed inspector into the building in September, another condition of default under the loan agreement.
Crain's reports that state housing records show none of the building's apartments are rent-stabilized. A renovated one-bedroom apartment last rented for approximately $3,600 a month in June.
Khoshkheraman has acquired several properties in recent years, including 51 E. Houston St., home to Milano's, the 146-year-old bar near Mott Street.
The foreclosure action concerns only 180 First Ave. The report indicates no indication that Milano's or its building is affected.
No comments:
Post a Comment