The Real Deal New York

UWS landlord has been harassing rent-stabilized tenants: judge

Colorado-based Aimco won't be able to convert 69 affordable units into high-end apartments

February 04, 2015 08:30AM

From left: Aimco CEO Terry Considine and 240 West 73rd Street

From left: Aimco CEO Terry Considine and 240 West 73rd Street

Aimco, the owner and operator of the Tempo Building on the Upper West Side, will not be able to convert roughly 70 affordable units into high-end apartments after a judge ruled that the landlord had been harassing the low-rent tenants in the building.

In addition to the stabilized apartments, the building at 240 West 73rd Street also has 131 market rate units, according to the New York Daily News. 

The Colorado-based Aimco ignored residents’ requests for basic maintenance and invented unpaid rent claims, according to a Jan. 5 ruling by the judge cited by the newspaper.

Aimco has a total of 204 apartment properties across the country, which are worth $5.9 billion. In a statement, the company said, “we are understandably disappointed in the City’s decision, which prevents us from upgrading the property for all of our current residents, but we cannot discuss the matter further for legal reasons.” [NYDN] — Claire Moses

  • Two Piece and Biscuit

    Busted. Hell hath no fury like an organized group of rent regulated tenants. Sorry, but you lose.

  • Char4Dew

    More Judges like that are needed. Bring back the middle class, and quality living for those not making abillion dollars. . Sick of high end only…Sick of Landlords claiming loss when at least 70% of thier building is priced to gouge. There is no lose at all. just BS claims

    • Charles Dale

      I agree. The median income for New York City is $51,100 a year. Lets see housing for this income and lower since half of all New York City residents (approx. 4 million people) make this and need affordable housing to live in. All landlords who are found guilty of harrassing rent stabilized tenants are just GREEDY. We have made money our god and that is all we care about. Pathetic that us humans are like this.

      • Char4Dew

        Just one issue old mayor Giuliani thinks he got rid of the Mafia, LOL
        But the new face of Mafia is different.
        REBNY is a lobbiest, not a RE board like they started out to be.

        • BH

          they even ask for a $30 PAC fee which is used to lobby on the behalf of owners and developers….bullshit

          • Char4Dew

            They are very far from what they used to be.
            I am surprised they dont charge you to use ther LOGO on your web site…LOL

    • Marc

      I have a strange novel idea. How about getting rid of stupid laws that benefit only a few tenants at the expense of everyone else? Ever hear of free markets? We don’t need Soviet Style controls. It has worked nowhere and never will.

      • Char4Dew

        Dream on… to the extent that you thing that this market will not bit you back just wait….. all the foreigners are just to happy to have a
        piece of our country, and all the greedy cant care about anyone, till they wake up.
        Landlords are cleaning up and then some… The $10-25K rental units more than make up for the 10% of thier Rent stabilized units.
        So dont cry me a river. go kiss up to the next high roller.

      • Char4Dew

        Maybe this makes you proud. I find it no different than today’s politics dirty. http://www.nydailynews.com/new-york/nyc-crime/building-inspectors-surrender-cops-bribery-scheme-article-1.2109403

  • BH

    That building is straight garbage. They charge $2200 for a studio apartment with no KITCHEN SINK. it’s reasonable in size, but no kitchen sink…..how can any ownership get away with that?

    • Marc

      They’re not getting away with anything unless they show prospective tenants the apartment with a phony sink to induce them to rent. This is not Cuba, China or the Soviet Union. People have a choice and they chose to live there.

      • BH

        how can an owner not be obligated to provide a working kitchen sink?

        • Char4Dew

          hmmm, did you ever rent an apartment with cooks kitchen to someone who said it did not matter I usualy dial?
          I have, many times.

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