After Years of Harassment, SMA Equities Pimps ‘Penthouse’ Offering at 113 Stanton for $8K

Posted on: June 29th, 2016 at 5:11 am by

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113 Stanton St., September 2014

This is the epilogue of a well-tread story about how rent regulated tenants are exploited for the future value of gentry.

SMA Equities purchased 113 Stanton Street back in 2014, and spent the ensuing two years renovating the upstairs units and roof. All at the expense of building occupants, whose safety was allegedly compromised with the usual Mahfar-style tactics. (It even prompted a lawsuit against the landlord, which settled earlier this year.)

So, after this extended period in the war zone, the fruits of that experience just ripened, as it were.

Indeed, this glitzy “penthouse” rental at 113 Stanton Street is now available, and represents the culmination of both renovation and harassment activity. The apartment itself – four bedrooms and two bathrooms – is listed by Mahfar’s own brokerage RealNY for $7,970 in monthly rent. Ergo, the living quarters are custom built for pong-playing, post-grad frat types who’ll need to pack it in so as to afford the bonkers rent. Especially with a roof deck of that size.

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Below is the broker babble in the listing.

Amazing floor through Penthouse unit w/ private outdoor space on Stanton Street!

Welcome home to 113 Stanton. A beautiful, meticulously renovated 4 bed/2 bath apartment. BRAND NEW GUT RENOVATION. Photos Coming Soon!

Apartment features:

– Bosch washer/dryer in unit
– Queen sized, spacious bedrooms
– Central Air/AC
– Private outdoor patio
– 2 Carrera marble bathrooms
– Dishwasher
– Stainless steel appliances
– Ceasarstone countertops
– Beautiful oak flooring featuring dark walnut stains throughout
– Light-filled
– Ample closets throughout

Steps from everything! Located on a prime block of Stanton Street, the building affords residents access to all of the neighborhood’s best attractions. Ranging from some of the best nightlife attractions to critically acclaimed restaurants, the Lower East Side proves to be brimming with character.

Price is net effective after one month free. Gross rent price is $8695.

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