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Sandro Rosell
FC Barcelona President
Sunday, October 22, 2017

Real Estate

A piece of property in Downtown Brooklyn measuring out 220,000-square feet is the center of a lawsuit to the tune of $44 million.  The plaintiff is the head of Aview Equities, based in Borough Park, named Abraham Liefer. The defendant is Henry Lieberman, who Abraham Liefer claims violated their contractual agreement to sell the Brooklyn property to Liefer…by attempting to instead sell it to Liefer’s own possible investors for $3 million dollars less than the agreed-upon price of $44 million between the two.

Abraham Liefer described his investors in court as “a small, tight knit, insular and financially capable real estate investor group” who he was working with to help financially aid his buying of 15 Hanover Place in 2015 from the

Kushner Companies is no longer in talks with the Chinese investor that was going to help them redevelop the $7.5 billion tower located at 666 Fifth Avenue.

On Tuesday, March 28, a spokesman for Kushner told the Post, “Kushner Companies is no longer in discussions with Anbang about 666 Fifth Ave.’s potential redevelopment, and our firms have mutually agreed to end talks regarding the property.”

However, the revolutionary plan is far from being dead. Charles Kushner led Kushner Companies is out

Investors have spent a mere $131M this past year, a steep decline from $2.07B last year

Israeli investment in New York City declined precipitously last year according to a report by Ariel property realtors. The story as originally reported in the Real Deal.

Israeli investment declined to $130.5 million in 2016. This is a marked downturn from the $2.07 billion that Israelis had invested in 2015.

Overall investment declined from $48 billion to $67 billion in 2015. The APA report mentioned that

New Empire Real Estate Development, led by Bentley Zhao, filed an offering plan for a 56-unit condo at 2128 Ocean Avenue in Sheepshead Bay, as per an application with the NYS Attorney General’s office. Last June, Zhao purchased the lot from Yu Xi-Liu for $3.9 million. As reported by the Real Deal, Zhao is aiming for a $43 million sellout at the 73,000-square-foot South Brooklyn project. Mr. Zhao has yet to file new building permits for the site where the previous owners demolished a one-story

A 6,813-squarefoot triplex penthouse in Dumbo’s clock tower building has been sold for $15 million. The building was on the market for a long six years according to the Post’s original reportage. 

The $15 million dollar sale has been record breaking as no condominium has ever been sold for that much in Kings County. According to the Post, the condo that previously held that record was located in Brooklyn Bridge Park’s Pierhouse development, which sold for $10.67 million. 

The buyer of the