SAMY MAHFAR BRINGS MERIT TO HIS LOWER EAST SIDE TENANTS

By investing in improvements at his buildings at 22 Spring Street, 102 Norfolk Street, and 113 Stanton Street, Samy Mahfar and his firm SMA Equities have transformed living conditions for many tenants.

First, he cured nearly 277 violations, most of which pre-existed long before he bought the buildings. He then began a series of renovations that vastly enhanced building safety, such as video intercoms, security cameras and new and stronger entry doors.

In addition, Samy Mahfar upgraded the electrical systems so that residents are now able to run air-conditioners at the same time as hair dryers, toasters, and other appliances.

102 Norfolk Street Lower East Side New York

A paradigm of historic grace, 102 Norfolk Street was acquired by Samy Mahfar for SMA Equities in 2014. From the moment he took possession of the five-story former tenement, Mahfar embarked upon an ambitious restoration program that transformed the best features into 21st century living! Today, the 25 apartments have new electrical wiring and plumbing. The renovated units have kitchens with fancy appliances, European-style cabinets, stone counters and dishwashers. Bathrooms have Caesarstone counters and marble walls. The floors throughout these spacious apartments are composed of light-stained oak. Each of these apartments also includes a washer and dryer and free wi-fi. 

22 Spring Street Lower East Side New York

With five stories and 16 residential units, 22 Spring Street, owned by SMA Equities Principal Samy Mahfar, is a testament to the Lower East Side’s grand history. Officially located in the Nolita submarket, it is close to popular restaurants, such as Balthazar and Elizabeth Street Garden, and great public transportation. In addition, 22 Spring Street has two commercial tenants, comprising framing store Paint Box and jeweler ClayPot Nolita. Halls and entry have been beautifully restored, and a video intercom system makes it safer. Samy Mahfar also upgraded electrical, and plumbing systems throughout the building and several apartments are stylishly renovated.