Updated news on the Gambino, Genovese, Bonanno, Lucchese and Colombo Organized Crime Families of New York City.

Saturday, March 26, 2016

Staten Island mansion where Bonanno crime family murder took place up for sale for $9.5 million

Looks like the landmarked Kreischer Mansion in Charleston is up for sale again.
The mansion appears in the Staten Island Board of Realtors's  Staten Island Multiple Listing Service as a single-family home at 4500 Arthur Kill Rd., and is listed for $9.5 million, five-acre property included.
The listing further describes the mansion as having 4,500 square feet of living space, with seven bedrooms, three bathrooms, a formal dining room and basement, and notes the Victorian-style home was built in 1899.
The site was previously approved for 120-130 condos, the listing notes.
The mansion, which was last on the market four years ago for $11.5 million, has a long history.
Ohio-based developer Isaac Yomtovian was already familiar with Staten Island when he bought the five-acre estate in 1999 for $1.4 million, with the vision of creating Kreischerville -- a 55-plus community that gave a nod to the 19th century brick magnate who built the mansion and for whom the town of Charleston was originally named.
Yomtovian succeeded in restoring the mansion itself, but delays in obtaining permits coupled with an unstable market, led Yomtovian to make the difficult decision to abandon the larger project, and put the house and property on the market in 2012. He had only one potential buyer, whose offer he rejected.
Yomtovian has held on to the property since, until placing the sales listing about 11 days ago, with Neuhaus Realty, New Dorp.
The Kreischer Mansion, which local lore says is haunted, was built by wealthy brick manufacturer Balthasar Kreischer for his son Charles. A second identical home built for his son Edward was demolished, and the existing property was landmarked in 1968.
It fell into disrepair — a Victorian restaurant failed there in 1997 — until Yomtovian, who built more than 200 custom-built homes and townhouses across Staten Island, purchased the property.
The mansion also made headlines as the scene of a grisly 2005 murder of a Bonanno crime family associate. The Bonanno hit man found guilty of murder and sentenced to a mandatory life term in prison was a caretaker hired by Yomtovian.
Parts of the pilot of HBO's "Boardwalk Empire" series were filmed on the property in 2009.
With continued retail development projects in Charleston, including the second phase of the Bricktown Center, and the newest development in the works, Riverside Galleria, Island Realtors agree the Kreischer site has "endless possibilities" and income-generating potential that could attract a buyer.



Post a Comment