DUMBO’s P.S. Bookshop, hit with tax bill, turns to crowd-funding
P.S. Bookshop, the iconic DUMBO store that sells used and rare books, is scrambling to raise thousands of dollars to pay five years of real estate taxes that owner Yuval Gans says he wasn’t even aware of.
Gans says landlord Two Trees Management is perfectly within its rights to collect the taxes, but didn’t send out a bill until last summer, when the amount due equaled $32,000. “The landlord put the bills in a drawer and forgot to charge me,” he said. In January he received an amended bill, and now owes $40,000. He added, “My neighbors got the same thing.”
When Gans signed his lease in 2009, the taxes amounted to under $1,000 a year, he said. Under Mayor Michael Bloomberg, however, real estate taxes escalated. This year’s bill was roughly $18,000.