UPDATED, July 18, 3:31 p.m.: Mayor Bill de Blasio’s administration and Alma Realty reached a deal to keep apartments at the 700-unit former Brooklyn Jewish Hospital in Crown Heights rent stabilized for the next 30 years.
The agreement, which includes a tax break for the landlord, comes after almost three years of negotiations and tenant protests. It only covers five of the complex’s six buildings, with the fate of units at 713 Classon Avenue still up in the air. DNAinfo reported that a refinancing of that property complicates matters.
City Council had approved a tax exemption for the complex last summer, paving the way for the deal. Tenants in stabilized units can make no more than 135, 150 or 165 percent of area median income, depending on the building.
Correction: An earlier version of this post misidentified the landlord in a 2015 Village Voice article as Alma Realty.