Marolda Properties

State Attorney General Files Lawsuit Against Marolda Properties for Tenant Harassment

Last modified September 1, 2017 at 7:08 pm

Some of the more controversial Lower East Side landlords are finally getting their due and proper. State Attorney General Eric Schneiderman yesterday launched another lawsuit against a landlord, this time it’s the notorious Marolda Properties. They’re named amongst a “group of landlords.” The story here is honestly no different than any other we’ve seen over […]

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Marolda Properties Unloads 3 Forsyth Street Tenements for $24.4M

Posted December 4, 2015 at 5:17 am

​Thus continues the gentrification of vital Lower East Side parkspace. Notorious local landowners Marolda Properties – currently under investigation for illicit forced removal of rent regulated tenants – just unloaded a string of pre-war tenements lining the eastern perimeter of Sara D. Roosevelt Park. The transaction netted $24.4 million, more than twice what they paid […]

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Marolda Unloads ‘Lorely’ Building on Rivington Street for $13.1M

Posted September 21, 2015 at 5:18 am

Notices to tenants were pasted to the doors of 7 Rivington Street at the beginning of the month. The signs together constituted the first indication that the tenement building, which houses Lorely on the ground floor, had sold into new ownership. And now public records released last week confirm as much. Notorious landlord Marolda Properties unloaded […]

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Marolda Properties Flips 144-150 Ludlow Street for $24M

Last modified September 17, 2017 at 10:51 pm

Marolda Properties, notorious in these parts for alleged harassment, just ditched their Hell Square holdings at 144-150 Ludlow Street. It’s the second time in as many years that this pseudo-gated rental complex has changed hands. Akelius Real Estate Management, a subsidiary of Swedish investment firm Akelius Residential Property, forked over $24 million in the acquisition. […]

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Gov. Cuomo Subpoenas Marolda Properties for Tenant Harassment in Chinatown

Posted August 22, 2014 at 6:00 am

Public officials are finally recognizing the enemies besieging rent regulated tenants all around the Lower East Side and Chinatown. At least partially. While Steve Croman is investigated (and sued) for harassing rent-regulated tenants, another controversial landlord is in hot water. Marolda Properties is accused of similar tactics at three of its Chinatown properties, including ongoing […]

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Marolda Properties Looking to Flip 144 Ludlow Street for $32M

Last modified September 17, 2017 at 10:51 pm

Back in September 2011, Eastern Consolidated placed 144-150 Ludlow on the market for $15.9 million. The property was snapped up two years later by Marolda Properties for a price-chopped $11.9 million. Now the owner is flipping it for nearly triple what was paid. That’s right; a whopping $32 million! The quasi-gated midblock parcel, which actually […]

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Marolda Properties Scoops Up 144-150 Ludlow for Price-Chopped $11.9M

Posted March 14, 2013 at 6:15 am

Looks like the so-called “gated community” at 144-150 Ludlow Street finally found a buyer. But one with a terrible reputation in the city.

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