Purchased as a little two-unit building with “old world charm” for $2.175 million in April of 2018, permits to expand and remodel the two units at 842-844 Lyon Street were secured that June and the building was soon under wraps.
Having returned to the market as two “spectacularly remodeled” TIC units last year and billed as “eligible for expedited, “by-pass” condo conversion[s],” the two units sold for $2.55 million and $2.2 million respectively.
And last month, an expedited condo conversion of the building was requested by the new owners.
But upon inspection by the City, as outlined below, it would appear as though the “Peaceandbeauty LLC” team never secured any permits, much less approvals, for their redevelopment of the building’s façade:
“Windows replaced without permit; front façade was stripped and re-stuccoed without a permit; rounded stucco “lips” beneath the left upper bay window and lower barrel bay were removed and squared off without permit; decorative colonnades flanking the opening above the primary entryway, and supporting decorative stucco sill of the opening, were removed without permit, various geometric notches in the main entryway were squared off or removed without permit; brick veneer cladding that covered the ground floor and surrounded the garage was removed without permit, limestone tile cladding was added without permit.”
And as such, the requested application to condo convert the building, which would allow for the units to be refinanced at historically low rates, “will be on hold until work to abate the violation is complete[d].”