
Photo by Derek Berg...

“The people they owe money to are, among others, the State – there are some taxes due – but there are some other creditors, one of them was a book distributor. That was the pressure point.”
“The State doesn’t usually play games,” West added. “That was pretty much it.”
According to New York’s Department of State, a warrant was issued on January 21, 2016 for a $34,408.76 tax lien. The only way out of a tax warrant is to pay the bill in full or file for bankruptcy. Then, as Contant explained, as a result of losing a legal dispute with the book wholesaler Baker & Taylor (which boasts the title of “world’s largest distributor of books and entertainment”) a U.S. Marshal Auction has been scheduled for Wednesday, February 10.
What Khalid and FitzGerald propose, and what they hope the city will agree to, is a new lease, with a new company — under a new name, Khalid said repeatedly — that will pay a higher rent than it is currently paying. In return, it will forgive the back rent. FitzGerald, any investors, and a management committee will direct how to allocate any funds raised, including whatever is left of the $200,000 Khalid said he’s already raised. “I think of this as a startup,” Khalid said. “St. Mark’s 2.0.”
Jim West, a lawyer with his own firm who has been providing pro bono legal assistance to St. Mark's, explained that New York City would probably prefer not to see the execution sale happen. The reason, West explained, is because the cost of the auction would likely be higher than the money it will bring in.
If the execution sale does not happen, West said St. Mark's could stay open until March 9, which is the date of the next hearing about the back rent.
In the older buildings that provide more than three-quarters of the city’s one million rent-regulated apartments, whose owners are barred by law from raising rents, taxes are also due to rise. The average tax on these buildings will rise 8.5%, including an 11.3% increase for Brooklyn landlords, a Wall Street Journal analysis found.
One of the women in the group took out her phone and said that she was going to make a viral video so no one would come to Ballaro anymore. Now this, more than anything, upsets me because Ballaro is a gathering place for neighbors, friends, lovers and strangers alike. We have a community that gathers in Ballaro and we all love and support each other and welcome anyone in our restaurant and bar. To possibly lose all that because of someone’s tainted point of view on social media, would be the worst thing.
My mission is to make everyone who enters through the front door feel like they are at home, because sometimes New York hardens even the best of us and we forget the true values in life: community and peace.
We want thank all of our customers and staff for the support and hard work over the past 7 years. With rising cost of operating a small business in NYC and the changes in the neighborhood, we could not longer stay afloat. Feel free to drop by our other restaurant Cacio e Vino across the street from Ballaro. Thank you again to everyone who helped to make Ballaro a place that will truly be missed.
Benenson and the Mack Real Estate Group have formed a joint venture to develop a mixed-use residential and ground floor retail property in New York City's East Village. The 80/20 property will provide both market and affordable housing units. The property is located less than a block from the L train and within blocks of Union Square, which is one of New York's busiest subway stations. Construction is expected to begin shortly and end in late 2016 or early 2017.