search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomOffice upgrades, concessions to lure tenants add “killer” cost: Steven RothOffice upgrades, concessions to lure tenants add “killer” cost: Steven Roth
New York

Three years after their building was demolished, rent-regulated tenants fight for compensation

Rent-regulated tenants of a Lower East Side building demolished three years ago due to violations that were neglected by the landlord are petitioning to receive their promised $1 million compensation, DNAinfo reported.

In 2009, the Department of Buildings ordered the demolition of 128 Hester Street due to existing untended building code violations and further damage from the construction of a Wyndham Hotel behind the property. The New York State Division of Housing and Community Renewal ordered landlord William Su to pay $1 million to the 29 residents in 2010 as compensation for the demolition. At the time, it was deemed a victory for rent-regulated New Yorkers.

Sign Up for the undefined Newsletter

But the tenants have yet to receive the money and claim that Su has avoided meeting with them to discuss the issue. Su’s lawyer told DNAinfo that his client was no longer required to pay the sum because it was deemed unfair as the building was already in disrepair when Su’s company purchased it.

Thanks to the petition, spearheaded by Asian Americans For Equality, the landlord and the former residents are expected to meet again Thursday to negotiate a fair settlement. [DNAinfo]

Tags
Division Of Housing And Community RenewalRent Regulations