Law and Order

Gallery Files $10M Wrongful Eviction Suit at Savanna, Manhattes Development Site

540 West 26th Street.

Lehmann Maupin Gallery is suing the landlord of 540 West 26th Street for illegal eviction, and is seeking compensatory damages in excess of $10 million, plus a sum for punitive damages, according to court documents.

That is a site where Savanna, The Manhattes Group and the Silvermintz family are looking to tear down a two-story building, which is home to the gallery, and an adjacent lot and erect a large commercial and office project with community facility space, as New York Observer previously reported.  Read More

Sales Beat

Tuck-It-Away Storage Facility to Open First Queens Location in Long Island City

37-19 Crescent Street

A vacant seven-story building at 37-19 Crescent Street was purchased by Tuck-It-Away for $6.1 million, where the storage company will run its first Queens facility, The Commercial Observer has learned.

Located between 37th and 38th avenues and just 5 blocks north of the Queensboro Bridge in Long Island city, the 47,000–square-foot, seven-story building, which sits on an 83’ by 105’ lot, will be well-positioned as a storage facility in a neighborhood experiencing significant residential and commercial real estate growth.

“It  was a deal where the needs of the buyer and seller aligned perfectly,” said Alan Shmaruk of Soho-based The Manhattes Group, who represented the buyer and seller along with Michael Sherman.  “Long Island City is developing at such a fast rate, so there’s a need for storage facilities to support the additional residential product that’s coming into the neighborhood.” Read More