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NYC real estate empire rocked by property mogul’s marital strife

NYC real estate empire rocked by property mogul’s marital strife

truestfreedom by truestfreedom
January 31, 2022
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A police name final month over a home disturbance in Palm Seashore, Fla., is threatening to rock a New York actual property empire managed by a pair of feuding brothers, The Publish has realized.

Round 10 p.m. on Dec. 9, Palm Seashore police answered a 911 name from the waterfront property of 66-year-old Abraham Haruvi, who collectively together with his brother Arthur owns greater than 30 buildings housing 500 flats throughout New York Metropolis, principally situated on Manhattan’s Higher East Aspect and Higher West Aspect.

Giovana Stephenson, Abe Haruvi’s spouse of 14 years, was standing exterior the 9,700-square-foot, Regency-style mansion — boasting a pool, out of doors fountains and its personal non-public boat dock simply 4 blocks from Donald Trump’s Mar-a-Lago Club — awaiting police with the couple’s two youngsters, based on a police report obtained by The Publish.

Police responded to a name from the Palm Seashore residence the place Abe Haruvi and Giovana Stephenson have been residing with their two youngsters.
MARIANNE M. ARMSHAW

When cops arrived, she confirmed an officer scratch marks that left “redness” on her chest, claiming her husband “scratched and hit” her throughout an argument that ensued after she accused him of “hiding one thing on his telephone,” the report stated. Haruvi was led exterior in handcuffs and charged with misdemeanor battery, based on the report. He was later ordered to maneuver out and stop all contact together with his spouse, based on a restraining order obtained by The Publish.

Now, the incident is poised to make waves in Manhattan, as Haruvi faces an costly divorce that would lastly spell the unraveling of a $200 million, Massive Apple actual property empire that has weathered a number of lawsuits between Abe and Arthur Haruvi. Each accused one another of stealing from the enterprise — that their father, Jacob, constructed — along with mismanagement and dereliction, based on courtroom paperwork.

After the Dec. 9 incident, Stephenson employed Joel Weissman — a high-powered Palm Seashore divorce lawyer who practices martial arts in his spare time and has been nicknamed “Mad Canine” due to his aggressive courtroom model, based on a City & Nation report. His purchasers have included billionaire Red Sox owner John Henry and the late New York Yankees accomplice Jack Satter.

A feud between Arthur and Abe Haruvi — mixed with a home violence allegation in opposition to the latter in Florida — threatens to shake up their residential actual property holdings in New York Metropolis.
VWPics by way of AP Pictures

That, in flip, might pressure Abe Haruvi to promote his stake within the New York actual property portfolio, as “he doesn’t have plenty of money mendacity round,” based on a supply near the scenario. About 40% of the corporate’s leases have been vacant through the top of the pandemic, sparking a liquidity disaster that solely received resolved after Arthur filed a lawsuit in opposition to Abraham in July, forcing him to conform to a debt-refinancing deal, based on sources.

Stephenson declined to remark, however Weissman instructed The Publish that the couple’s prenup settlement might price Haruvi $8 million plus the Palm Seashore mansion, which they purchased in 2011 for $7.8 million, in addition to different property. The quantity will possible swell with the battery cost, which might set off a so-called “dangerous boy” clause within the prenup, Weissman added. State prosecutors filed battery prices in opposition to Abe Haruvi on Jan. 22 with a listening to slated for late March. Haruvi has pleaded not responsible, based on his lawyer.

“A divorce will happen,” Weissman stated. “From my consumer’s perspective, the wedding just isn’t salvageable.”

Giovana Stephenson, Abe Haruvi and TV star Tina Louise sit together at a concert event at Mar-a-Lago.
Giovana and Abe Haruvi rubbed elbows with TV and film star Tina Louise (who just isn’t concerned in any of the disputes) at an Andrea Bocelli live performance at Mar-a-Lago in 2010.
Getty Pictures

Whereas the Haruvi brothers have saved a low profile regardless of the dimensions of their holdings, they each got here beneath fireplace within the late Nineties for allegedly attempting to evict rent-stabilized tenants, claiming to wish the flats for themselves or for relations, based on experiences on the time. Roughly 35% of their flats are rent-stabilized.

Through the pandemic, their revenue was slashed and their $53 million mortgage was thrown into default. Arthur had organized to refinance the mortgage whereas benefiting from traditionally low rates of interest, however Abe initially refused to signal the papers “for no different purpose however to additional a private vendetta,” based on the criticism filed in July.

Out of exasperation, based on a supply, Arthur sued his brother to compel him to signal.

In an earlier 2020 lawsuit, Arthur had accused Abe of skimming cash for his private use from seven buildings owned by Simry Realty Corp., together with 4 contiguous buildings on West 54th Avenue in Midtown Manhattan. Abe, the go well with claimed, had instructed numerous Simry workers to cost extra for his or her providers and gave some bonuses as a part of a “nefarious plan” to pressure Simry into default in order that Abe “will probably be positioned to buy the debt from the lender, foreclose on the collateral and usurp whole unfettered management of Simry’s property.”

An Upper East Side block of apartments
The feuding Haruvi brothers personal about 500 flats in New York Metropolis, lots of them on the Higher East Aspect.
Bloomberg by way of Getty Pictures

The criticism was withdrawn because the brothers settled the matter, based on a supply with information of the difficulty. In a quick interview final week, Abe Haruvi stated he’s at present not in litigation together with his brother.

“That is one other instance of [my family] attempting to disgrace me publicly,” Abe Haruvi instructed The Publish. “Nevertheless, the reality will come out and I hope you can be found to report it at the moment.”

Arthur Haruvi didn’t reply to requests for remark.

The Dec. 9 incident isn’t the primary time Abe Haruvi and Giovana Stephenson’s family affairs have spilled into public view. In 2010, simply earlier than the couple moved into the manse from a house close by, a housekeeper sued them, claiming she was compelled to work 19 hours a day whereas she shared residing quarters with their canines.

Susan Palchak stands in front of her apartment on East Third Street
A decade in the past, The Publish reported on the story of tenant Susan Palchak, who acquired an eviction discover from landlord Abe Haruvi with Abart Holdings for her condominium at 50 E. third St. in Manhattan.
BRIGITTE STELZER

As well as, Irma Diaz claimed in her go well with filed in Florida that she was compelled to make use of a bathe the place the canines urinated and defecated, and that Stephenson “commonly pushed, squeezed, shook and slapped” her.

Stephenson, by means of her lawyer Weissman, declined to touch upon Diaz’s allegations.

Abe Haruvi instructed The Publish he was by no means served with the maid’s lawsuit, dismissing it as a ploy “by an lawyer to embarrass me.” The lawsuit was finally withdrawn.

As for the Dec. 9 incident, he stated “the reality will come out” and that he places his “whole belief within the justice system” to make that occur.

“I’m wanting ahead to being discovered harmless of all prices and I await the day that justice is served,” Haruvi instructed The Publish. “I steadfastly maintain onto my innocence and it will likely be confirmed.”



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