Home News Brooklyn Landlord Chaskiel Strulovitch Faces New Foreclosure Fight

Brooklyn Landlord Chaskiel Strulovitch Faces New Foreclosure Fight

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Webster Bank CEO John R. Ciulla is trying to seize two assets of Strulovitch. (LinkedIn, Google Maps, iStock)

Chaskiel Strulovitch hasn’t left the woods after a brutal three-year battle with hardball lender Maverick Real Estate Partners who tried to seize much of his portfolio.

The embarrassed Brooklyn landlord faces the foreclosure of at least three other properties, including a pair of apartment buildings and, more recently, the brownstone of Bedford-Stuyvesant.

A group of Israeli real estate investors also claimed that Strlovich was involved in the “Bernie Madoff-style” project, causing more than $ 90 million in losses, even in a nasty five-year-old federal lawsuit with all three real estate properties. Intertwined. The proceeding is currently under arbitration, according to court filings.

But when Strlovich fought in federal court, his lender noticed other problems.

Last January, Flushing Bank filed a foreclosure proceeding against Strlovich, alleging that Strlovich and other investors did not pay interest on the $ 850,000 loan. According to Flushing Bank, financing for a multipurpose rental property on Bedford-Stuyvesant’s 1078 Decalve Avenue defaulted in August 2020.

A year later, Webster Bank filed a proceeding against Strulovitch through its predecessor, the Sterling National Bank, over 945 Park Place, a 14-unit apartment in Crown Heights. The lender claims to have provided Strulovitch with a $ 2.7 million loan, but he did not pay.

Two weeks ago, Webster Bank filed another proceeding. This time, the landlord claimed to have failed to pay interest on a $ 800,000 loan launched in 2014 in an attempt to seize a three-story brownstone on 74 Van Buren Street in Bedford-Stuyvesant. It defaulted on June 15th, and banks claim. Strulovitch bought real estate for $ 315,000 in 2012. Records show..

The latest foreclosure attempts occur weeks after Strulovitch ends the battle for bankruptcy over the years — even by New York City real estate standards.

2017, Lender Maverick Real Estate Partner Asked for foreclosure It’s located in about 33 Strlovich properties throughout Brooklyn, including the gentrified neighborhoods of Williamsburg and Carroll Gardens. New York-based Maverick, who obtained loans from other lenders, claimed that Strlovich hid real estate ownership from real estate investors trying to avoid creditors.

Strulovich stopped the foreclosure by placing real estate in front of White Plains bankruptcy judge Robert Drain. Debtor-friendly venue..

9 properties for sale at Auction Earlier this year, Strulovitch was able to maintain some other controls thanks to costly bailout funds. The nearly five-year story about managing a portfolio finally ended in May.

The flushing bank declined to comment. Neither Webster Bank nor Strulovitch were asked to comment.

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