The Real Deal New York

Yorkshire Tower residents claim they’re being pushed out

Building to be sold to Stellar management and the Chetrit Group
August 01, 2014 03:30PM

Some residents at Yorkshire Towers are saying their landlord is forcing them out of the building with exorbitant rent increases ahead of a planned sale.

The property — a 707-unit apartment building at 305-315 East 86th Street — is in the process of being sold to Laurence Gluck’s Stellar Management and the Chetrit Group.

Residents claim that current owner Schneider & Schneider are forcing out the current tenants in anticipation of the sale. Some said their rent increases were more than 35 percent.

The 703,000-square-foot Yorkshire Towers is divided between rent-stabilized and market-rate apartments. [DNAinfo] — Claire Moses