Rabbi Pinto’s Synagogue Site in NYC on Sale by Co-Owner Ilan Bracha

October 18, 2012  4:53 PM Leave a comment (10) Go to comments

As Rabbi Yoshiyahu Yosef Pinto is under house arrest and barred from leaving Israel, the unraveling of his empire continues: A NYC site that followers his reportedly contributed money to build on its premises a Synagogue, is now listed as for sale by one of its co-owners. The co-owner, according to reports, organized a key fundraiser before the site slipped into foreclosure.

 At issue here is “the ground-floor retail space of the condominium Heritage at Trump Place at 240 Riverside Boulevard at the corner of 72nd Street” in NYC. According to TheRealDeal.Com, Co-Founder of B+B Investment Group Ilan Bracha and his partner Haim Binstock purchased the space in 2007 for a $1.65M price tag “with the intention of building the synagogue.” On March 14, 2010, Rabbi Pinto, the two partners and others gathered for a fundraiser towards a $400,000 renovation project to convert the space into a Synagogue.

 What happened from March 2010 is unclear, but as of February 2011 “construction hasn’t yet started,” but financial trouble ensued. A day after it was reported that “the Condo Board obtained a judgment against Bracha and Binstock for $55,753,” the bill was paid via a personal check from Mrs. Binstock, according to TheRealDeal.Com.

But the trouble didn’t go away: In May 2011, Bank of America started a $1.2M foreclosure proceeding on this property against the two partners and also against Rabbi Pinto, according to a July, 12, 2011 post by The Real Deal. As of a March 2012 story by the same Real Estate news website, the issue was still not resolved.

How much money was raised towards building the Synagogue and what happened with the money if any funds were raised is unclear. However, the property is now on sale at a price tag of $1.7M with Ilan Bracha as the listing agent.

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  • Joeyi

    Rabbi Pinto Ilan Bracha and Mr. Binstock are a shanda. Terrible people stealing money pretending to care about Jews. Many years in jail for all of them

  • ilanbrachacrook

    Criminal gangsters this rabbi pinto is a bad evil man. same as the whole baba family.

  • Rivkay

    Is this Ilan Bracha of NY related to the Bracha cop who arrested Pinto?

  • Menachem Albert

    Ilan Bracha, Rabbi Pinto and the rest of these people tell the future as kabbalah type hoaxsters – your money will end up in their pocket. Am sure the authorities are on to them. Follow the cash – 15 CPW Ilan Bracha has a fundraiser, makes the money, buys the so called synagogue and now sells the apartment. Bracha Pinto and the rest of them are crooks.

  • sharna

    elazar abuhatzeira was a crook and his end,,,, and so will this con artist….. bullshitting distroying people lives by this phony blessing a buisiness of fraud…… we the victims of elazar abuhatzeira will never forgive him for his crimes how he cursed if he didnt get his money you call these people holy people who want just your money….. money…. money.. money…. and again money………………………………………… shame on them

  • crooksssk

    abuhatzeira was pinto uncle and yes more of the same. Con artists wearing beards and destroying people. ilan bracha and his people help these crooks and make millions from shamming people with pinto. bad awful people shame shame shame

  • Moshe11

    Ilan Bracha raises money and then sells a synagogue as a real estate broker. The synagogue never opened and money wasn’t returned. Pinto is in jail maybe Ilan Bracha goes next. These people are bad lot.

  • Kellernono

    http://backchannel.al-monitor.com/index.php/tag/ilan-bracha/
    Interesting how they also bundled money for Pinto. Although at least they did it for Cantor who is a good Jew but Pinto and Ilan Bracha and this ilk seem like a bad lot.

  • Ilanbracha1

    Oy va voy Ilan Bracha say it aint so.

  • Jew Jew

    Does anyone know if Ilan Bracha is related to the “Bracha” cop in Israel with the millions being paid? Bracha is scary with pinto forever who knows what they will do to avoid jail.