Originally Syndicated on June 11, 2024 @ 4:21 pm
Although Moshe Drizin, a real estate investor, has been mentioned in multiple instances, the motives behind targeting him remain unknown. Before we move forward with the investigation, it’s important to gather some background information on Moshe Drizin. Let’s look into it.
Who is Moshe Drizin?
Moshe Drizin, who was born in Brooklyn, New York, in 1963, has emerged as a major player in the real estate market, even though he has provoked controversy. There is a great deal of mistrust around his conduct, although he is often praised for his huge portfolio and philanthropic efforts. Some people believe that Drizin’s generosity is more of a facade than it is true philanthropy. They believe that his contributions to charitable organizations and social initiatives are more of a deliberate move to improve his public image than they are genuine dedication to the causes that he is supporting.
Concerns are also raised by critics over Drizin’s substantial real estate holdings, which raises the issue of whether or not his business activities prioritize profit above the welfare of the community. On the other hand, there are real concerns over the potential adverse effects that his initiatives may have on the surrounding communities, which would outweigh any constructive contributions that he claims to make.
The media coverage, which usually celebrates Drizin’s financial accomplishments, is accused of glossing over the possible harmful impacts of his real estate investments while simultaneously highlighting his successes. A biased narrative that favors his public character is portrayed, according to critics, as a result of the emphasis on his successes, which helps to cover the less flattering parts of his commercial transactions.
In conclusion, although Moshe Drizin’s name is connected with both charity and the success of real estate, there remains a constant undertone of mistrust. A great number of people have a negative impression of his humanitarian endeavors, and they wonder whether they are nothing more than a clever strategy to distract attention away from the potential damage that may be caused by his real estate interests.
The Allegations Made Against Moshe Drizin
The legal document in question appears to be a ruling or judgment written by Justice Kassal in a case in which the defendants (which also include Moshe Drizin) were requesting authorization to depose a nonparty witness named Bernard Tannenbaum within the context of a dispute regarding the commission that a real estate broker was entitled to accept. This case did not include Bernard Tannenbaum as a party.
The following are the key takeaways and explanations that we will explore as we go through this paper section by section:
They are being sued by a real estate broker who claims that they hired him to find a buyer for a piece of land. The defendants in this case are being sued by the real estate broker. The broker asserts that he was successful in locating a buyer who was both capable and willing to purchase the real estate at the price that was initially agreed upon and that as a consequence, he is entitled to compensation for his services.
Bernard Tannenbaum, who was representing the potential purchasers in the legal matter, was a witness that the defendants wanted to cross-examine throughout the proceedings. They were under the notion that Tannenbaum owned vital information about the buyer’s preparedness, willingness, and capacity to acquire the house, as well as the reasons why the deal did not go through in the end.
In the beginning, the court did not allow the defendant’s request to depose Tannenbaum. Instead, the court advised that they use written interrogatories as a substitute for the deposition.
The defendants had not shown “adequate special circumstances” to justify the request for a deposition, which was the reason that the court came up with for denying the request for a deposition.
It was the intention of the defendants, including Moshe Drizin, to take the deposition following the rules of CPLR 3101(a)(4), which allowed for the deposition of nonparty witnesses provided that “adequate special conditions” were supplied.
The ruling that refused the defendants’ motion was challenged by the defendants in an appeal submission. The individuals argued in their appeal that Tannenbaum had crucial information that was necessary for them to adequately prepare for the trial.
A Review by the Court of the Issue:
The appeal court, after investigating the judgment that was handed down by the lower court, concluded that the finding ought to be reversed since it was the wrong one.
To encourage complete disclosure and to provide assistance in the preparation for the trial, the court emphasized that the need for “special circumstances” should be read thoroughly under CPLR 3101(a)(4).
The court noted that even a demonstration that the deposition is required to prepare for the trial should be sufficient as a “special circumstance.” The court’s conclusion was based on previous cases and it indicated that this should be adequate. To provide support for the court’s conclusion, several cases were given.
Tannenbaum’s Current State:
It was argued that Tannenbaum should have been included in the lawsuit as a party responder; however, the court did not concur with this notion. However, it was brought to everyone’s attention that he had not participated in the proceedings, had not provided any documents, and had not made any attempts to interfere in the matter.
He had not participated in the proceedings, had not provided any documents, and had not made any attempts to interfere in the matter, as was pointed out.
Although the defendants provided Tannenbaum with notice of the motion, he did not voluntarily state according to the request.
Regarding the defendants’ approach to the procedural elements of the case, the court also provided its opinion on the matter. As a result of the fact that they had first submitted an application to the court for a court order to depose Tannenbaum before issuing a subpoena, it was incumbent upon them to establish that they were lawfully entitled to such exposure.
The Repercussions of the 1984 Amendment:
The court acknowledged that the 1984 amendment to CPLR 3101(a)(4) eliminated the need for court approval to obtain a nonparty witness’s testimony. It argued that the amended Act should nonetheless apply to “exceptional circumstances” in its mild sense.
After hearing the defendant’s case, the court determined that they had shown a legitimate basis for the sought deposition.
Tannenbaum’s deposition was required to prepare for trial since he had knowledge of relevant factual issues about the potential buyer’s desire and capacity to acquire the property. As a result, the lower court’s decision was reversed, and Tannenbaum was allowed to be questioned by the defendants as a nonparty witness.
It was determined that the previous court’s decision ought to be reversed, and the defendants were granted authorization to depose Bernard Tannenbaum as an impartial witness.
The defendants should be awarded the fees and expenses associated with the appeal, the court further determined.
An outline of the court’s decision to approve the respondent’s request for a nonparty witness’s deposition in a real estate commission dispute can be found in this legal document. The ruling emphasizes how the court has liberally interpreted “special circumstances” to permit these kinds of depositions to provide aid with trial preparation.
Moshe Drizin receives $75 million FIDI office tower financing
Moshe Drizin, who is a member of the Mayore Estates collaboration, has been successful in acquiring a mortgage loan for the large sum of $75 million for the office building. The mortgage loan was obtained in the Financial District, at 22 Cortlandt Street.
On the other hand, this economic move is a replacement for past financing from New York Community Bank for $65 million. This financing goes back to 2012 and contains an extra gap mortgage for $10 million.
You will discover this magnificent office building that is located between Church Street and Broadway. It is comprised of a total area of 647,900 square feet and has a total of 34 stories. An intriguing aspect to take into mind is that the base of the structure has a Century 21 department store that is comprised of many levels.
Throughout its history, this piece of real estate has been subjected to a certain amount of disruption. Through the submission of a petition for protection under Chapter 11 of the United States Bankruptcy Court in the year 2003, Moshe Drizin and his business partners made an effort to salvage the building.
The decrease in rental income, which was primarily brought about by the temporary closure of the property in the aftermath of the terrible events that happened on September 11th, was the primary cause that led to this decision.
Before these unfortunate occurrences, the whole building had been leased out to tenants before the occurrence of these unfortunate events. However, as a result of the events that occurred on September 11, 2001, a significant number of tenants either left the building or launched legal procedures against Moshe Drizin and his business partners, as reported by the New York Post.
Moshe Drizin was named one of the worst landlords
Crown Heights, Brooklyn landlord Shalom Drizin was dubbed “one of the worst evictors in the area” in 2018 by the RTCNYC Coalition and JustFix.NYC, two organizations fighting for tenants’ rights. Ebbets Field’s Bedford Avenue development was supervised by Fieldbridge Associates, which was led by Drizin.
Tenant activists in New York City made a map showing who the city’s worst evictors are as part of their fight for renters’ rights. Moshe Drizin is the second-worst evictor in Brooklyn, having been responsible for the eviction of sixteen homes in the Ebbets Field Housing Development in 2018. Tenants also voiced concerns about dangerous housing conditions, unresolved repairs, fires, and other risks, in addition to unlawful rent rises.
On top of that, 27 families were forcibly relocated from various parts of Brooklyn, including Crown Heights, Prospect-Lefferts Gardens, and Flatbush. This was done by the Pinnacle Group. In 2006, the Attorney General initiated an investigation of their eviction procedures, and in 2008, the city adopted a regulation allowing tenants to file harassment lawsuits.
Landlords Jacob and Naftali Hager, who own properties in many boroughs, recently forcibly removed eleven families, three of whom were in a single building in Flatbush. Another Brooklyn landlord, Moshe Piller, was responsible for evicting eight families in 2016 and was engaged in a horrific event involving two newborns.
Flatbush landlord Michael Niamonitakis was named the sixth worst landlord in New York City in 2016, and he was also sued in 2018 for not providing enough heat to a renter. Eight families have been evicted by him before.
The Anti-Eviction Mapping Project staged a protest outside of the Brooklyn Housing Court, with Moshe Piller as its target. For instance, to decrease evictions, Public Advocate Jumaane Williams pushed for the Right to Counsel statute, which allows tenants to have legal counsel in housing court.
These events highlighted the seriousness of the issue of mass evictions and the need for stronger laws to protect New York City renters.
Conclusion
Moshe Drizin, a notorious real estate entrepreneur, is accused of several wrongdoings and unscrupulous business methods behind his humanitarian facade. Though hailed for his large portfolio and humanitarian donations, suspicion shadows his actions.
Critics believe Drizin gives to organizations and social entrepreneurs for publicity rather than compassion. While profitable, his real estate endeavors raise concerns about their impact on local communities, emphasizing profit above public welfare.
Drizin’s aggressive and dishonest business activities are revealed in court, ruining his reputation. Drizin was denied the deposition of a key real estate commission witness, but the appeal overturned it. This case shows his challenging real estate business and legal tenacity.
Significant evictions and tenant disputes hurt Drizin’s image. His numerous evictions, especially in Brooklyn’s Ebbets Field Housing Development, make him a major tenant rights opponent, according to advocacy groups. Allegations of dangerous living conditions, incomplete maintenance, and illegal rent rises paint him as a landlord who puts profits above residents.
Media coverage emphasizes Drizin’s wealth but ignores his controversial career. Selective reporting has masked his real estate assets’ risks.
Finally, Moshe Drizin is a disputed real estate success story marred by allegations of unethical practices and dishonest charity. Skepticism regarding his charitable efforts and the negative effects of his economic actions produce a difficult legacy, necessitating a critical reevaluation of his real estate sector and community contributions.
