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October 22, 2007

Controversial Landlord Behind $10 Million House Buy

singerdeed10milhouse.jpg
Last week news hit that a house in southeast Brooklyn had traded hands for $10 million, making it the second-priciest home sale in Brooklyn history. As it turns out, the moneybags behind the purchase is not exactly an unknown personage: Public records show that mega-landlord Baruch Singer ponied up the dough for the 7,526-square-foot house. Singer, who has long (and perhaps unfairly) been considered one of the city's preeminent slumlords, made his fortune by owning and operating older rental buildings; a couple of years ago, he sold a portfolio of 104 properties for $450 million. Though most of his holdings have been concentrated in upper Manhattan, Singer's been making some interesting waves in Brooklyn real estate lately: He's been involved in a legal dispute about ownership rights for the fire-struck Greenpoint Terminal Market site; in May he paid $13.3 million for a Dumbo warehouse that he reportedly plans to convert into a residential building; he recently sold a few Kensington buildings for $12.6 million; and he may or may not be fixing to build a new Park Slope building on 4th Avenue and 6th Street.
Baruch Singer Buys Himself Some Dumbo [Brownstoner]
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Comments

Mr. Brownstoner,

I think this a bad thing. Posting people personal business on the net. How would you like if someone put your information on the net? You address, picture of you house and a copy of your deed. When it comes to things like this, you should leave it alone. Think about it.

Just my 2 cents.

The What

Someday this war is going to end.................

Posted by: guest at October 22, 2007 10:47 AM

Well put The What.

Posted by: guest at October 22, 2007 10:50 AM

Hey The What, public records are public records. If Brownstoner posted news about someone's $485K 1BR in Brooklyn Heights, I might agree with you. But $10 Million for a house in Gravesend (or anywhere in Brooklyn for that matter) is newsworthy, making "outing" the owner fair game. And you might check the NYTimes Sunday section which outs expensive home purchasers/sellers every weekend on page 2.

Posted by: Emigre at October 22, 2007 11:04 AM

Monday October 22nd.
Mark it down.

The first time "The What" ever defended someone.

Posted by: guest at October 22, 2007 11:08 AM

All of the information posted is public record anyway. You can go to a paid service like Property Shark or go directly to the New York City Department of Finance website and find out the same and even more information. At the NYC Dept of Finance site you can just type in a name to see if a neighbor, friend or other owns property in their name. You don't need an address or block and lot number for that. Once you have the address or block and lot you can find out everything about the property and mortgage. They even have a copy of the actual deed/mortgage agreement for viewing online now.

Posted by: guest at October 22, 2007 11:08 AM

We agree that in general this is not the kind of thing we like to do--which is why we don't do it very often. However, in this case, we thought we were just completing a piece of the puzzle that had already been put into the public discourse by the Times. Plus, this is a guy who makes his living (and is routinely written about) buying and selling property so it seems like fair game. There's also no reason to think this isn't just another business transaction for the guy.

Posted by: brownstoner at October 22, 2007 11:15 AM

"All of the information posted is public record anyway. You can go to a paid service like Property Shark or go directly to the New York City Department of Finance website and find out the same and even more information. At the NYC Dept of Finance site you can just type in a name to see if a neighbor, friend or other owns property in their name. You don't need an address or block and lot number for that. Once you have the address or block and lot you can find out everything about the property and mortgage. They even have a copy of the actual deed/mortgage agreement for viewing online now."

I'm a Real Estate Broker, I know is part of public record. the point I was making, don't put people business out there. How would you like you information to be placed on the net? Or maybe you had someone looking for you. Do you what that?! Maybe someone should go to Mr.B house, snap some pictures and post his address on the net. Learn to mind your own business, you will live longer if you do so.

Just my 2 cents.

The What

Someday this war is gonna end..........

Posted by: guest at October 22, 2007 11:17 AM

"We agree that in general this is not the kind of thing we like to do--which is why we don't do it very often. However, in this case, we thought we were just completing a piece of the puzzle that had already been put into the public discourse by the Times. Plus, this is a guy who makes his living (and is routinely written about) buying and selling property so it seems like fair game. There's also no reason to think this isn't just another business transaction for the guy."

Ok then, let's have a come to Jesus moment. Put YOUR information down them. I will have more respect for you. Talk that talk! Walk that walk!

The What

Someday this war is gonna end....

Posted by: guest at October 22, 2007 11:21 AM

What,

Mr. B made his name public several months ago, so I think he IS "Talk[ing] that talk! Walk[ing] that walk!, Come to think of it, anyone who uses their real name here does the same. What's your problem?

Posted by: Bob Marvin at October 22, 2007 11:29 AM

"What,

Mr. B made his name public several months ago, so I think he IS "Talk[ing] that talk! Walk[ing] that walk!, Come to think of it, anyone who uses their real name here does the same. What's your problem?"

Please re-read my post before you comment, thank you. Plus, how do we know that 'Bob Marvin' is your name. I was born 'The What'.

The What <--- Real Name. ; ^ P

Someday this war is gonna end..............

Posted by: guest at October 22, 2007 11:35 AM

FYI: the $10 million paid for this house is probably not "real". Maybe some Times journalist should dig some more to see if there isn't some pricing scam behind that.

Posted by: guest at October 22, 2007 11:41 AM

If Mr. Singer dropped $10 million on a property in Fort Greene/Clinton Hill, folks would be singing a totally different tune? Gravesend

Posted by: guest at October 22, 2007 11:44 AM

Mr. What,

THIS INFO IS PUBLIC RECORD! I had a mentally ill client find my address through public record and came home from work one day to find the man sitting in front of my house! He was arrested for trespassing and died of natural causes not to long after. I am ashamed to admit that I was relieved when I heard. Property records are public so that people can find you. You can of course incorporate which I did for investments but you can then go to the NYS Dept of State to find out who owns a corporation. Until the laws are changed, everyone is fair game.

Posted by: guest at October 22, 2007 12:07 PM

"how do we know that 'Bob Marvin' is your name"

LOL

I guess you don't, nor do my friends and neighbors--intereresting thought, albeit rather paranoid ;-)

Posted by: Bob Marvin at October 22, 2007 12:07 PM

So,does this now mean that every house in the area is worth 10 mil? Just how many fools that overpay does it take before some broker wants every house listed at that price.Or how many padded and false sales will it take? Wake up people,if you purchased in the last 3 years you got screwed and there seems to be no end in sight to the orgy.

Posted by: guest at October 22, 2007 2:49 PM

gotta love slum lords making more money. only way people could stop slumlords are stop renting from them.

Posted by: armchairwarrior at October 22, 2007 4:29 PM

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