realestate

Oholei Torah Sues Valerie Sebbag for Contract Breach and Unethical Conduct in Crown Heights Real Estate Deal

Oholei Torah sues real estate agent over alleged breach of contract and trust.

O
holei Torah, a prominent Chabad boys' school in Crown Heights, has filed a lawsuit against local real estate agent Valerie Sebbag, alleging breach of contract and ethics violations. The dispute centers around the purchase of a President Street building.

    According to the lawsuit, Oholei Torah hired Sebbag to represent them in bidding on 1327-1333 President Street. Initially, they placed a bid for $8.25 million, but Sebbag allegedly convinced them to increase it to $8.7 million, with authorization to raise the price up to $9 million. However, Oholei Torah claims that Sebbag never submitted their offer.

    Another company, Tomar Capital, owned by Schneur Zilberman (allegedly Sebbag's husband), was ultimately selected as the winning bid. Sebbag then approached Oholei Torah with a proposal to purchase the building for $9.5 million, which they rejected.

    Oholei Torah alleges that Sebbag breached her fiduciary duty and engaged in other ethics violations, including unjust enrichment through her husband's company. They also claim that Sebbag's actions are part of a larger pattern of misconduct targeting real estate buyers in Kings County.

    The lawsuit seeks damages for Oholei Torah's losses, which will be determined at a later date. When contacted by CrownHeights.info, Sebbag accused the publication of collusion and refused to comment further.

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