Newcastle pressuring rent-stabilized Harlem tenants: report

Management company accused of failing to make repairs on regulated units

New York /
Oct.October 08, 2015 10:33 AM

Rent-regulated tenants at one of Newcastle Realty Service’s Harlem buildings are accusing the company of pressuring them to move, the latest in a series of such claims against the property manager.

Residents of 75 Saint Nicholas Place who have received buy-out offers from Newcastle say the company has left problems in their units to fester for years.

They suspect the property manager is trying to force them out in favor of tenants paying nearly triple their rent for newly-renovated units.




Behind the story:

Newcastle Realty Services

Tenants say they’ve been waiting for major repairs for years and have received offers of $5,000 from Newcastle, which was investigated by the Attorney General’s office for attempting to force out rent-regulated tenants at Its 101 West 78th Street condo conversion last year. Those accusations were eventually settled.

Newcastle, led by Margaret Streicker Porres, issued the following statement in response to the allegations: “We welcome all our residents, and we are confident they will enjoy the spectacularly upgraded property. We look forward to a long and respectful landlord-tenant relationship with all residents, whatever their regulatory status,” DNAinfo reported.

One rent-stabilized tenant, Russell Taylor, expressed resignation, “It’s a harsh reality, but like I say, you don’t really have too much of a say when you don’t own where you live,” she said. “You’re at the mercy of the owner. If the owner wants you out they’ll find a way.”

Newcastle recently bought an 88-unit Washington Heights multifamily building for $23 million. [DNAinfo]Ariel Stulberg


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)
After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)
New NYC rent law “beginning to shut down investment”
New NYC rent law “beginning to shut down investment”
(Getty)
Where the lawsuits challenging NY’s 2019 rent law stand
Where the lawsuits challenging NY’s 2019 rent law stand
Gov. Andrew Cuomo (Getty, iStock)
New York’s rent relief site goes live — without applications
New York’s rent relief site goes live — without applications
Carl Heastie, Andrew Cuomo and Andrea Stewart-Cousins. (Getty)
NY close to approving $2.4B rent relief bill — but its rollout will be the real test
NY close to approving $2.4B rent relief bill — but its rollout will be the real test
Sen. Jabari Brisport (Photo via Jabari for State Senate; iStock)
Socialist notches key NY Senate appointment
Socialist notches key NY Senate appointment
Charles Kushner and 18 Sidney Place (18 Sidney Place via StreetEasy)
Tenants get class-action status against Kushner in Brooklyn rent case
Tenants get class-action status against Kushner in Brooklyn rent case
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...