“I’m worth a fuckload of money bro.” @markgmaurer’s profile on the rapid & rocky ascent of EV landlord Rafi Toledano https://t.co/Y3Qvbea8jT
— Kerry Barger (@kerrybarger) June 1, 2016
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'