Controversial Landlord Behind $10 Million House Buy
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….
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.
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gotta love slum lords making more money. only way people could stop slumlords are stop renting from them.
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.
“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 😉
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.
If Mr. Singer dropped $10 million on a property in Fort Greene/Clinton Hill, folks would be singing a totally different tune? Gravesend
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.
“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..............
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?
“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….