The Week in Review
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
1. EX-CONVICT WINS CO-OP SUIT
A former electronics company chairman who was sentenced to 30 months in prison for sending confidential military plans to contractors in Ukraine and Russia, Dennis Nathan, successfully won back his deposit and accrued interest on an uptown co-op that denied him entrance, according to legal documents. Nathan, who has $89 million in assets, paid the 10% deposit on the $1.9 million apartment at 185 West End Ave., but after he was denied entrance, the sellers, Mark and Jema Cooper, refused to turn over the money. A jury awarded Nathan the deposit this summer; a judge awarded him the interest on the deposit this week.
2. RENTS DROP DOWNTOWN
Asking rents for apartments in the financial district fell an average of 5% in December, according to the Real Estate Group. Citywide, asking rents fell about 1%. To increase activity, some landlords are now offering incentives, such as a month’s free rent.
3. NEW APPLE STORE LANDS UPTOWN
Apple is considering a space on the northwest corner of 67th Street for its newest store, the New York Post reported. The 8,500-square-foot space is now home to a Victoria’s Secret. If the plan goes through, Apple is seeking to tear the store down and build a new glassy space similar to its other stores around the city.
4. DUMBO IS LANDMARKED
More than 20 blocks of DUMBO were designated as the city’s 90th historic district. Members of the Landmarks Preservation Commission said at a meeting on Tuesday that the brick facades, terracotta floors, and reinforced concrete structures were unique architectural elements that needed to be preserved.
5. SECOND AVENUE DELI REOPENS
The iconic city eatery the 2nd Avenue Deli has reopened on 33rd Street. The original location on East 10th Street closed in 2006 because of soaring rents. On opening day this week, people stood in lines 30 deep to get a taste of the deli’s matzo ball soup, pastrami sandwiches, and latkes, the New York Times reported.
6. HOTEL RIVERVIEW TO BE CONVERTED
The businessmen behind the Bowery Hotel and the Waverly Inn plan to convert the Hotel Riverview at 113 Jane St. into a luxury hotel. This week, the community board saw the plans for the hotel, which will include restoring its original stone fac,ade and rebuilding a cupola on the roof.
