'Sleep No More' faces eviction after lawsuit claims production company owes $4.5M in back rent

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The long-running production is in a legal battle with Centaur Properties over allegations of unpaid rent and lease disputes.

The long-running theater production"Sleep No More" is facing eviction after landlord, Centaur Properties, accused the production company of failing to pay $4.5 million in rent.New York’s long-running theater production “Sleep No More” is embroiled in a legal battle with its landlord, Centaur Properties, over alleged unpaid rent and lease disputes.

In response, “Sleep No More,” operating under its entity PDNYC, filed its own lawsuit accusing Centaur of reneging on a prior agreement. The production company alleged that Centaur had initially agreed to amend the lease terms as the landlord faced financial difficulties.Centaur Properties is now seeking $4.5 million in back rent from the show’s guarantors, Arthur Karpati and Jonathan Hochwald, and is also pushing to dismiss the production’s lawsuit.

“This dispute is not about principle but about principal,” attorneys Terrence and Darren Oved told TRD in a statement. “PDNYC’s complaint is a baseless, misguided and transparent attempt to avoid its obligation to pay over $4 million in past due rent.”The production’s lawsuit contains several allegations against Centaur, including claims of a deal to increase the rent by $5.1 million for the first year to help Centaur refinance its mortgage.

 

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