Margot Samel Gallery reaches payment deal in Tribeca eviction case
The eviction has been paused after the gallery agreed to pay almost $29,000 in overdue rent through installments.
Market and Money
A Tribeca gallery that was at risk of eviction for unpaid rent has reached a settlement with its landlord, temporarily halting the case and setting strict repayment terms.
Margot Samel Gallery and landlord Carol L. Wolchok entered into a stipulation of settlement filed April 1 in New York Civil Court, resolving the nonpayment proceeding first reported by Urgent Matter last month.
The agreement comes after a March eviction petition that claimed the gallery owed over $26,000 in unpaid rent and other charges for its ground-floor and basement space at 295 Church Street.
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Court Documents: Settlement in Margot Samel Gallery Eviction
Records from New York Civil Court.
Adam Schrader
As part of the settlement, the gallery admitted it owes $28,807, which covers back rent, real estate taxes, legal fees, and service charges. The gallery will pay this amount in eight monthly installments of about $3,600 from April 1 through November.
The deal lets the gallery remain in the space for now but imposes strict conditions. The stipulation states that “time is of the essence” and no payment default will be considered minor.
If the gallery misses a payment and does not pay it within 10 days of being notified, the landlord can demand the full remaining balance immediately and seek a monetary judgment, according to the filing.
The agreement also requires the gallery to make all current rent payments under the lease while paying off the overdue amount.
The landlord agreed to waive HVAC, engineering and sprinkler charges through December 31, 2026, while the gallery preserved its right to dispute certain electrical charges.
Earlier, the gallery had disputed the total amount owed and said that some charges for construction and HVAC work were still being discussed. The settlement was reached after this response.
When the eviction petition was filed in March, the landlord asked for possession of the space and a money judgment for unpaid rent, interest and fees.
Margot Samel Gallery in Tribeca faces eviction in rent dispute
Landlord seeks possession of gallery space and more than $26,000 in alleged unpaid rent.
Adam Schrader
The gallery had previously said the dispute was about reconciling building access and service charges linked to renovations, and expected the issue would be resolved.
The court will keep authority over the financial parts of the case under the settlement. This means enforcement can continue if the gallery fails to meet the payment terms.
The lease for the space was signed in 2022 and is set to last until January 2027.
Follow along with other lawsuits at Urgent Matter's art lawsuit tracker.
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