Published On: Mon, Mar 6th, 2017

$10 Million Lawsuit Against Joshua Zegen, Brian Shatz’s Madison Realty

Madison Realty has been promoting Great Jones Alley as a private entrance to the building to keep the paparazzi at bay, but the neighbors next door said: NO

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A $10 million lawsuit against Joshua Zegen, Brian Shatz due to tiny Alley (3)

 

Madison Realty, whose apartments have been featured on Bravo’s “Million Dollar Listing”, have great plans Great Jones Alley, a tiny, 20-foot wide, 137-foot long Lane-crossing between Bond and West 3rd streets.

Two buildings in this tiny alley, a 22-unit boutique co-op at 684 Broadway and a new Noho condo called 1 Great Jones Alley, where a fancy new condo sold its penthouse for $30 million, owned by Madison Realty. Both buildings own part of that alley, now looks neglected.

The developer has been promoting Great Jones Alley as a private entrance to the building to keep the paparazzi at bay.

But the neighbors at 684 Broadway don’t like the plan and they’ve filed a $10 million lawsuit last week against Joshua Zegen and Brian Shatz’s Madison Realty, in Manhattan Supreme Court to protect their interests, the New York Post reports.

 

 

A $10 million lawsuit against Joshua Zegen, Brian Shatz due to tiny Alley

Madison Realty new Alley

The lawsuit says that Madison Realty has been promoting a fantasy, and that the condo developer has no right to change their shared slice of pavement.

The developer is “not authorized to remove and/or alter the gate that sits at the entrance to the alley … [and] do not have the right to advertise the alley as ‘private’ to potential buyers,” according to court papers.

The developer cannot even allow cars to sit and idle in the space — without the consent of 684 Broadway, the suit contends. [NYP]Christopher Cameron

 

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