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In the News: Chambers Street coop buried under debt
160 CHAMBERS HELD HOSTAGE BY SPONSOR
The Real Deal reports that shareholders at 160 Chambers (seen in one of Gavin Snider‘s paintings!) — the old firehouse between Greenwich and West Broadway — are suing a fellow tenant, Lawrence Omansky, who converted the building in 1982 and since then has racked up so much debt on his spaces that the building can’t get a mortgage or loan to even fix its own roof. “Omansky first brought unwanted attention to 160 Chambers in 2003 when he reportedly bound and gagged his business partner at knifepoint over a real estate dispute, leaving the partner beneath the floorboards of his duplex in the building. Although an investigation supported the claims of Omansky’s partner, who survived, prosecutors ultimately dropped kidnapping charges.” Yipes.
NATHAN LANE SELLING TRIBECA PAD
The WSJ reports that Nathan Lane is selling his triplex apartment at 35 N. Moore for $4.65 million. It has some cool built-ins designed by architect William Sofield. Lane bought it 1999, when he moved here from LA.
MORE ON THE ROCKEFELLER PARK MONUMENT
Both Gothamist and Curbed, in addition to nearly everyone else, covered the Battery Park City Authority’s plans to build a hardscape monument on the lawn at Rockefeller Park. The authority chairman told neighbors that they will find another location.
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Attorney With Dark Past to Lose Tribeca Duplex at Auction
https://therealdeal.com/2022/04/15/notorious-attorney-to-lose-tribeca-duplex/
“[…] Omansky had declared the apartment exempt from creditors in his 2018 bankruptcy filing. But Instead of keeping the residence, which Omansky valued at $1.5 million, he will settle for a cash payment of less than 10 percent of that amount, according to settlement documents filed by a bankruptcy trustee.
“The imminent sale of the two-story penthouse at 160 Chambers Street, recently listed by financial liquidation firm MYC & Associates, will cap a 14-year legal saga in which Omansky borrowed millions of dollars backed by the building’s ground-floor commercial unit. […]“
https://www.curbed.com/2023/04/tribeca-penthouse-bankrupty-sale-omansky-kidnapping.html
” ‘At $2.5 million, the duplex seems like a steal, which is partly because it needs an update. “The bathroom needs to be gutted. The kitchen needs work,’ said broker Marc Yaverbaum. ‘Someone’s going to come in and put a high-end renovation in this place and make it beautiful.’ That someone can also push the co-op board to install an elevator, an idea that’s been floated before. But the low price may not just be because of the walk-up or the renovation. The penthouse is being sold as part of a Section 7 bankruptcy sale, which is offloading the assets of Lawrence Omansky, a criminal-defense attorney, real-estate investor, and tabloid character who didn’t just live in the penthouse — he turned the whole building into a co-op, then dragged its reputation through court.”