CW Realty Stiffs Lee NYC on $181K for Work on Converted Williamsburg Warehouse
By Nicholas Rizzi October 4, 2019 1:00 pm
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CW Realty Management allegedly sent Lee & Associates NYC a bum check for work the brokerage did on the firm’s office and retail development in Williamsburg, Brooklyn, court records show.
Lee filed a lawsuit in Manhattan Supreme Court against the Cheskie Weisz-led developer on Tuesday seeking the $181,192.54 that it’s owed from the LLC tied to the under-construction building at 61 North 11th Street between Kent and Wythe Avenues.
“We are not able to discuss the details of this matter, but we are confident we’ll be able to reach an out-of-court resolution in short order,” a spokesman for CW Realty said in a statement.
A spokeswoman for Lee NYC and its lawyer, Steven Landy, did not respond to requests for comment.
On Sept. 10, CW — through 61 North 11 LLC — sent a check to Lee NYC, but the check was declined because of non-sufficient funds when the brokerage tried to deposit it, court records show. When Lee NYC asked to be paid, CW Realty “refused to pay the debt” and “continues to refuse collection on-demand,” according to the lawsuit.
The lawsuit does not detail why CW Realty owes Lee NYC the cash, but the brokerage has worked on two leases in the building. In March 2018, Lee NYC’s Corey Horowitz represented CW Realty in its 15,479-square-foot deal with coworking and event space XX House, as Commercial Observer previously reported.
Horowitz and Kenneth Salzman worked on another deal in the building in June, this time representing Italian beauty company Davines in its 15,479-square-foot lease for the entire second floor of the property, as per CO.
CW Realty bought the former warehouse — which has 41,690 square feet of commercial space and an 11,400-square-foot usable basement — near Williamsburg’s waterfront for $35.5 million in 2017 and has been working on converting it into an office and retail building, CO previously reported. The developer secured a $38 million financing package for the property in March.
Brooklyn-based CW Realty develops commercial, industrial and residential projects across the New York metro region. The firm is not affiliated with Bethesda, Md.-based CWCapital.
