May 18, 2006
Guttman Settles with Tenant in Court
Developer Joshua Guttman was in Brooklyn court yesterday, but not for anything related to the Greenpoint Terminal Market fire or any of the other arson cases at buildings he's owns (he's never been charged with arson). Actually, this case is about a tenant, a basement, and some missing equipment. According to the NY Times, tenant Onias Pacheco had been moving out of a Guttman building, and Guttman agreed to store Pacheco's screening equipment in the basement at 70 Flushing Avenue in Brooklyn. But after sixteen months of attempts, Pachceo sued Guttman for not allowing him access to the building, to the tune of $175,000 ($25K for the equipment, $150K for damages). Guttman's lawyer offered $17,500 to settle, while Pacheco was looking for $100,000... or $40,000 but then he got talked down to $20,000. That is some dealmaking.
Last Sunday, the NY Times looked back at a fight the tenants of 247 Water Street had with Guttman.
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Based on my experience, these types of things don't happen when you live in the most expensive zipcode in the city.
There's a tangible sense of loss when I leave the safety of my pricey confines. I imagine that it's similar to how Adam & Eve felt that fateful day. At least they didn't have to worry about mingling with people on the red line.
We need to get a lynch mob together for this Guttman fellow.