Here’s what Joseph Betesh is paying his tenants in settlement

Building repairs at 85 Bowery now set to be finished by the end of August

TRD New York /
Jul.July 13, 2018 10:00 AM

85 Bowery (Credit: Google Maps)

Tenants at 85 Bowery have reached an agreement to return to their building roughly six months after getting the boot.

At least 75 residents of the Chinatown property were forced out in January after the Department of Buildings found that the staircases were unstable, according to The Lo-Down. Their return was delayed later when officials found that the building had additional structural issues and asbestos.

The fight for tenants to return has been ugly, including multiple protests and hunger strikes, but both sides have now reached an agreement under which all repairs are set to be done by the end of August.

Betesh also agreed in the settlement that the apartments are rent stabilized, and he will pay $150 per apartment per day if work is not done by the end of August. He must also pay $25,000 per apartment and a lump sum of $200,000 to cover personal property claims, and the city has to approve all of the work before residents can move back. [The Lo-Down] – Eddie Small

Related Articles

The penthouse at 15 Union Square West and 121 East 22nd Street (Credit: StreetEasy)

Luxury market checks off another disappointing week of sales

Clockwise from top left: 522 West 29th Street, 40 East 75th Street (center), 820 Fifth Avenue, 54 Thompson Street and 220 Central Park South 

These were the five priciest residential listings in NYC last week

Faith Hope Consolo (Credit: Getty Images)

Faith Hope Consolo’s secret family probes her will

William Zeckendorf and his brokerages are making moves. (Credit: iStock, Getty Images)

William Zeckendorf wants to build an army of NYC homeowners

Keeping lawns freshly cut and outdoor spaces in tip-top shape could result in greater rewards for sellers. (Credit: iStock, IMDB)

Curb your enthusiasm: Homes with spruced-up outsides sell at premium

Elsa Segura (left) was arrested in connection to realtor Monique Baugh's (right) murder (Credit: iStock)

Second suspect charged in real estate agent’s abduction, murder

Clockwise from top left: John Gomes, Ronita Kalra, Eric Beniam and McKenzie Ryan (Credit: Getty Images, iStock, Wikipedia)

“We’re putting ourselves in situations where anything is possible”: Real estate agent’s killing rattles industry

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts