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Address: 242-246 E 50th Street
Borough: Manhattan
Neighborhood: Midtown East
Zip: 10022
Number of Apartments: 25
Block: 1323
Lot: 30
Type: Market Rate
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Purchased: 6/7/1993
DOF Market Value: $2,070,000.00
Mortgage Debt: $10,000,000.00
Current Bank: North Fork Bank
Status: confirmed
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Live in this building? Please submit your Building Report!: http://www.shalomtenants.org/bldg_report.html
Key Events Reported by Tenants: NUMEROUS (around 14) certified letters were sent to the landlord regarding no heat in the winter as well as other repairs. Not one was returned. No phone calls were returned. Landlord refused to attend to a vermin situation. Exterminator never shows up. Had to go to court to have holes patched and intercom system fixed.
Financial History: 232-246 E 50th STREET
6/7/93: Deeded by RSP Realty Associates to Astroid 50 Associates (102 Madison Ave), signed by Norman Main.
6/8/93: Mortgage by Astroid 50 associates with RSP Realty Associates for $2,200,000, signed by Benjamin Ohebshalom.
1/6/98: Mortgage by Astroid 50 Associates (c/o Empire Managemet, 102 Madison Ave) with Reliance Federal Savings for $1,480,000, signed by Benjamin Ohebshalom.
2/25/03: Deeded by Astroid 50 Associates (347 Fifth Ave) to Astroid 50 Associates LLC (347 Fifth Ave), signed by Benjamin Ohebshalom.
2/25/03: Mortgage by Astroid 50 Associates LLC with North Fork Bank for $5,550,971.17, signed by Benjamin Ohebshalom. (Total is now $10,000,000.)
2/24/03: Assignment of Leases and Rents to North Fork Bank, signed by Benjamin Ohebshalom.
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Building Services
Inadequate heat / hot water
Intercom broken
Vermin infestation
Inadequate lighting
Entrance doors unlocked
Shoddy repairs
It takes a long time to get repairs done
Tenants must take off work for scheduled repairs
Leases, Security Deposit, Rent
Renewal leases are not provided 90 days in advance
Renewal lease terms differ from original lease terms
Harassment
Litigation initiated by landlord
Eviction(s) initiated by landlord
Other Issues: Landlord doesn't return phone calls or letters requesting repairs |
Rental Trends
Apartments turn over frequently after Shalom takeover
New tenants are very young after Shalom takeover
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Owner Name: Astroid 50 Associates LLC
Owner Address: 347 Fifth Avenue, Suite 1600
Owner City, State, Zip: New York, NY 10016
Owner DOS Filing Date: 12/10/02
Shaloms Connected with this Property
Fred/Faramarz Ohebshalom
Ben Shalom/Benjamin Ohebshalom
Robert Ohebshalom
Management Company: Empire Management
Management Address: 347 Fifth Avenue, Suite 1600
Management City, State, Zip: New York, NY 10016 |
City Council: Jessica Lappin (5)
State Assembly: Jonathan Bing (73)
State Senate: Liz Krueger (26) |
Building Managed by Ben Shalom
A/K/A: Benjamin Ohebshalom
Primary Association: Sky Management
Address: 226 E 54th Street, Suite 402
City, State Zip: New York, NY 10022
Phone: 212-759-1300
Fax: 212-759-5229
DOS Filing Date: 10/4/94
Website: http://www.skymanagement.com
Secondary Association
Empire Management
Also Associated With: Bluejay Construction
Home Address: 11 Cow Lane, Great Neck
Email: info@shalomtenants.org
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