Ben Shaoul is a New York City-based real estate owner and developer.
12 Facts About Ben Shaoul
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Ben Shaoul is the president of Magnum Real Estate Group, a residential real estate development and management company headquartered in New York City.
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Ben Shaoul was born in Forest Hills, Queens, New York City to an Iranian Jewish family, the son of Abraham and Minoo Ben Shaoul.
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Ben Shaoul briefly attended community college but dropped out at the age of 19.
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Ben Shaoul oversaw the renovation of his father's property and later took out a mortgage on the building.
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In 1999, Ben Shaoul used the proceeds from that mortgage to buy his first property, which was located on Mott Street in Nolita.
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Ben Shaoul primarily focuses on the East Village has added luxury apartments on top existing buildings.
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Ben Shaoul later partnered with SL Green Realty to acquire properties in Williamsburg, Brooklyn.
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Ben Shaoul began developing a dormitory for the School of Visual Arts in Manhattan and ventured into Tribeca where he purchased the top 22 floors of the 32 story art-deco Verizon Building for conversion to condominiums.
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Ben Shaoul has acquired and sold over 100 properties to include everything from the renovation of thousands of apartments to a $500M condominium conversion.
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Ben Shaoul has been criticized for contributing to the decline of rent-regulated apartments in the East Village.
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Ben Shaoul was labeled "Sledgehammer Shaoul" after confronting tenants in a building he purchased and being photographed with construction workers holding sledgehammers and crowbars.