Topless tension at Brooklyn rental owned by Goldman and Gluck

Owners rented units in bulk to King's College

TRD New York /
Feb.February 11, 2019 03:15 PM

436 Albee Square in Brooklyn (Credit: Wikipedia)

Tenants at Yoel Goldman and Joel Gluck’s luxury Brooklyn rental have a few things to get off their chest.

“There were girls sunbathing topless up there,” a tenant at the Azure with a young child told the New York Post. “My wife was like, ‘WTF?!’ There are a lot of families [here].”

“They marketed it as being a luxury building with families,” another tenant told the newspaper.

The problems at the Azure, located at 436 Albee Square in Downtown Brooklyn, reportedly began when Goldman’s All Year Management and Gluck’s Spencer Equity struck a deal to rent nearly a third of its 150 units to King’s College in Lower Manhattan.

That deal, another example of how landlords are coping with the city’s luxury rental glut, brought young, partygoing co-eds to the glitzy rental property, the Post reported. Students told the paper that they are currently paying $6,000 per month between four people to live in two-bedroom units. Current listings on StreetEasy show two-bedrooms at Azure listed for $3,950 a month. Goldman and Gluck refinanced the building in July with a $118 million loan from an Israeli investor.

Since 2015, New York rents have been decelerating, declining 0.4 percent in July, according to Bloomberg.

Diane A. Ortiz, who works for the building’s management firm, told the Post that tensions reached fever pitch during one student move-in day.

“I was being cursed out right to my face [by an older tenant]. Somebody called me a bitch,”Ortiz told the Post. “There is a war between college students and tenants, but they are all people and they all pay rent.” [NYP] – Decca Muldowney


Related Articles

arrow_forward_ios
Nightingale's Elie Schwartz and Madison's Brian Shatz (Whale Square)

Nightingale buys Whale Square in Sunset Park for $84M

Nightingale buys Whale Square in Sunset Park for $84M
Toni Morrison and her former Tribeca home (Getty, BHS)

Toni Morrison’s Tribeca loft hits the market

Toni Morrison’s Tribeca loft hits the market
198 Washington Park in Fort Greene (Photos via Compass)

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week
24 Leonard Street Unit 2 and 443 Greenwich Street Unit 2G (Douglas Elliman, Compass, Google Maps)

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend
The National Association of Home Builders Housing Market Index reached a record high for the second consecutive month in October 2020. (iStock)

Building up: Homebuilder confidence hits new highs

Building up: Homebuilder confidence hits new highs
Guo Wengui and the Sherry-Netherland penthouse at 781 Fifth Avenue (Photos via Wikipedia Commons; Getty Images and Douglas Elliman)

Ensconced in the penthouse and entangled in lawsuits

Ensconced in the penthouse and entangled in lawsuits
Kaufmann Desert House (Courtesy Coastal Luxury Living)

Neutra-designed “crown jewel” of Palm Springs lists for $25M

Neutra-designed “crown jewel” of Palm Springs lists for $25M
Gov. Andrew Cuomo (Getty, iStock)

New York lost $755M in real estate tax revenue this year: REBNY

New York lost $755M in real estate tax revenue this year: REBNY
arrow_forward_ios

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

Loading...