The Real Deal New York

Posts Tagged ‘tower brokerage’

  • Residents of an affordable housing rental building in the East Village at 390 East 8th Street plan to announce today that they had filed a complaint with Attorney General Eric Schneiderman urging him to block the sale of their homes to Tower Brokerage by other tenants in the building. The building is designated for low-income residents because of a court agreement which mandated it, but groups say that the potential sale violates that agreement. Tenants from the building are trying to sell it to Tower, potentially leaving countless residents homeless. “I hope the attorney general does the right thing and blocks this sale before people become homeless,” said Marilyn Berdugo, a tenant of 17 years. TRD [more]

  • Bar biz stays bright

    July 28, 2009 11:01PM

    From the July issue: Alcohol is said to be recession-proof. Drinkers are just as likely, if not more likely, to indulge in bad times as they are in good. But what better way to test how that age-old adage is holding up in New York than by looking at real estate prices for watering holes here during one of the worst recessions in decades? Unlike most citywide retail rents, which have dipped of late, rents for properties that house the city’s taverns, bars and clubs have for the most part only leveled off, according to brokers who work in the nightlife arena. Comments