Robert Khodadadian – Commercial Observer

The developers who tried to build the massive Astoria Cove project are in a legal tangle with New York City.

Mayor Eric Adams launched a lawsuit against Alma Realty for alleged code violations that lead to unsafe living conditions in 13 buildings the landlord owns, the mayor’s office announced Friday.

The city also sued landlord Empire Management America in a similar case tied to seven buildings Empire owns.

The New York City Law Department wants a settlement that will result in the resolution of those conditions similar to an agreement recently struck with Sentinel Real Estate for similar infractions, the mayor’s office announced.

Under a settlement agreement, the landlords would have to set a timeline for repairs pertaining to the buildings located in Upper Manhattan, Brooklyn and Queens, according to the Adams administration.

“All New Yorkers deserve to live in safe, clean homes, which is why we will not tolerate landlords who repeatedly flout the law and put the health and well-being of tenants at risk,” said Mayor Adams. “Alma Realty, Empire Management America, and Sentinel Real Estate allowed thousands of code violations to go unchecked for years, endangering the well-being of thousands of residents.”

Empire and Alma did not immediately respond to requests for comment. Alma alone allegedly has more than 800 uncorrected violations in 13 buildings, including deteriorating facades, defective electrical wiring, missing fire doors, lead-based paint hazards, and infestations of rats and mice, according to the city. 

Meanwhile, Empire has 300 standing violations in eight of its buildings that include deteriorating facades, defective elevators, non-code-compliant sprinklers, illegal gas connections, and failure to maintain fire suppression systems, the city said.

Both firms have been sued by the city’s Department of Housing Preservation and Development for noncompliance.

Alma was meant to develop a 26-story tower, two eight-story buildings and a seven-story building that would bring about 469 apartments to the area under its massive Astoria Cove proposal. The proposal made its way through the Department of City Planning and later to New York City Council’s Land Use Committee, but the site sat undeveloped for years.

Permits for the plan surfaced in April 2022 under the name of David Kronman from Cape Advisors, a firm that recently built the Astoria West apartment complex, Patch reported. It’s unclear if Alms is still involved in the project.

Mark Hallum can be reached at mhallum@commercialobserver.com.

The developers who tried to build the massive Astoria Cove project are in a legal tangle with New York City. Mayor Eric Adams launched a lawsuit against Alma Realty for alleged code violations that lead to unsafe living conditions in 13 buildings the landlord owns, the mayor’s office announced Friday. The city also sued landlordRead MoreChannel, Politics & Real Estate, Alma Realty, Astoria Cove, Empire Management America, Eric Adams, Sentinel Real Estate  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

Robert Khodadadian, properties, ground leases, ground lease, off market, investment sales, khodadadian, Commercial Real Estate Sales, Commercial Observer, Retail For Lease, Commercial Observer,

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