Tenants, pols protest conversion of affordable Harlem rentals

TRD NEW YORK /
Mar.March 04, 2008 05:18 PM

As six subsidized apartment buildings in north central Harlem face either a sale or market-rate conversion, Sen. Chuck Schumer and Rep. Charlie Rangel are urging the various owners of the properties to re-consider, saying more than 1,000 low-income tenants could be forced out by huge rent hikes.

Advocates hope that the buildings, which house a combined total of 551 apartments, will be sold to a nonprofit developer. 

“I think both Chuck and I agree that this is the time for the real estate industry to come forward and come to the table and negotiate what is in the best interest of our community, our city,” Rangel said at a Sunday protest organized by the Harlem Tenants United Coalition.

Abyssinian Development Corp., a local nonprofit founded by Abyssinian Baptist Church, has offered to buy out the owners of the six buildings and has pledged to keep them in the affordable housing program.

Developer Irving Langer owns one Harlem apartment building and manages another that could be pulled out of the Section 8 program starting at the end of March. Langer owns Mother Zion Apartments at 2640 Frederick Douglass Boulevard and manages Hudson Piers at 695 Riverside Drive on behalf of the Hudson Piers Associates’ owner Michael Spielman.

Baruch Singer owns one complex embroiled in the controversy: the Gloria B. Harding Apartments at 617 West 143rd Street and 707 and 770 St. Nicholas Avenue. He told The Real Deal that by converting those buildings to market rates, rents would reach at least $1,300 a month for one-bedrooms and $1,800 for two-bedrooms, prices he said would still be affordable. Singer said he does not plan on selling the buildings.

Protesters at Sunday’s rally included tenants from several other Harlem buildings that could lose their Section 8 subsidies, including Canaan IV Towers at 95 Lenox Avenue, where a Section 8 contract expires in May; Morningside Apartments at 107 West 109th Street, where it expires in October and Hudson View I Apartments at 532-536 and 540-544 West 145th Streets, where it expires in November. Morningside is owned by Tahl-Propp Equities, while Hudson View is owned by SB&W Realty Corp. Canaan IV Towers are owned by Church Home Associates.

Harlem has lost 4,500 affordable units to market-rate conversions over the past three years, according to Tenants & Neighbors, a tenants rights advocacy group that also helped organize the protest. The Community Service Society, an anti-poverty organization, reported that the average household income in subsidized Harlem households is only $10,248 per year.

Shimon Shkury, managing director at Massey Knakal, said that condos in the area could fetch between $650 to $800 per square foot.
 


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Presidential elections affect the residential sales market significantly (Credit: Getty Images, The White House)

This is how presidential elections really affect home sales

Minneapolis tops the list of best places to recover from divorce (Credit: iStock)

The best (and worst) cities for divorcees

Sidewalk Labs CEO Dan Doctoroff and a rendering of the tower (Credit: Sidewalk Labs/Michael Green Architecture and Gensler)

Alphabet’s wooden skyscraper in Toronto could be tallest in the world

Real estate in states where cannabis use is legal is in high demand compared to states where use is illegal. (Credit: Pixabay)

Cannabis legalization drives demand for warehousing and retail: study

Adam Neumann and some of the properties, Museum Place and 225 West Julian in San Jose 

Adam Neumann no longer has a vision for San Jose

arrow_forward_ios
Loading...