Court roundup: Yoel Goldman disputes debt to Meyer Chetrit; Lender seeks $2.9M from Isaac Kassirer

Yoel Goldman disputes amount owed to Meyer Chetrit

Real estate developer Yoel Goldman, founder of All Year Management, in a petition filed yesterday, disputed the amount owed to another developer, Meyer Chetrit, who last month claimed in court filing that Goldman owed him $12.6 million. Goldman did not provide an exact amount remaining due.

This filing, as with all State Supreme Court filings, is the legal position of the plaintiff and the information as presented may or may not be accurate. Chetrit has not yet filed response papers to this filing.

Goldman’s petition is seeking to vacate a confession of judgment signed by Goldman, which Chetrit submitted to the court last month as evidence of remaining debt, because Goldman claims it’s not an accurate accounting of the amount due.

Goldman alleges he has repaid more than $9.5 million of the debt, and in addition claims a portion of the debt was forgiven.

Galil affiliate seeks $2.9M from Isaac Kassirer

An entity tied to Brooklyn-based Galil Management is seeking $2.9 million that it claims Emerald Equity Group President Isaac Kassirer owes, citing an August 2019 promissory note and confession of judgment. The loan was to be paid back in installments starting in November 2019 with a $100,000 payment, according to the filing made yesterday, but that was the only payment made.

This filing, as with all State Supreme Court filings, is the legal position of the plaintiff and the information as presented may or may not be accurate. Kassirer has not yet filed response papers.

The Galil affiliate, 116th Street Portfolio LLC, is the plaintiff in the filing. Galil sold a portfolio of rental buildings along 116th Street to Emerald in April 2019 for $40 million. The lender on that portfolio, Ladder Capital, in November filed to foreclose on the loan it provided Emerald. The entity 116th Street Portfolio LLC is not publicly tied to those properties and it is unclear if there is a direct connection. The loan was provided four months after the sale closed.

Kassirer’s Emerald Equity put a portfolio of Harlem rental buildings in bankruptcy, as PincusCo first reported last month.