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Former “worst landlord” Ved Parkash faces another lawsuit
Aug 3, 2023

Former “worst landlord” Ved Parkash faces another lawsuit

One of the “worst landlords” is allegedly back to his old ways. The Legal Aid Society filed a lawsuit against Ved Parkash and co-defendant Luis Bello, on behalf of five tenants, the New York Daily …
Ved Parkash Buys Fordham Heights Apartment
Oct 27, 2020

Ved Parkash Buys Fordham Heights Apartment

The Bronx captured the only two commercial property trades between $10 million and $30 million last week. Notorious landlord Ved Parkash bought an apartment building in Fordham Heights and a school bu…
Notorious Landlord Ved Parkash Sued for Wage Theft
Oct 13, 2021

Notorious Landlord Ved Parkash Sued for Wage Theft

Ved Parkash has ticked most of the boxes on the bad-landlord bingo card. He took the top spot on the public advocate’s worst landlord list in 2015 by racking up 2,200 open housing violations. In 2016 …
750 Grand Concourse | Ved Parkash | Rat Infestation NYC
Feb 16, 2017

750 Grand Concourse | Ved Parkash | Rat Infestation NYC

Mayor Bill de Blasio is seeking to remove Bronx landlord Ved Parkash from running his building at the the center of an outbreak of a rat-borne disease. The city has accused Ved Parkash of creating ill…
Bluestone Group | Ved Parkash | Coltown Properties
Feb 21, 2017

Bluestone Group | Ved Parkash | Coltown Properties

UPDATED, Feb. 23, 1:02 p.m.: Last week in mid-market sales, the Tabaks sold a multifamily building in the Financial District at a loss, Coltown bought a gas station in Washington Heights, and controve…
Ved Parkash | Section 8 | Letitia James
Apr 3, 2017

Ved Parkash | Section 8 | Letitia James

A Bronx landlord is accused of discriminating against Section 8 tenants by refusing to accept the federal subsidy for rent. Tenant Rosalba Gonzalez filed a lawsuit against landlord Ved Parkash on Mond…
Ved Parkash | 2899 Kingsbridge Terrace
Oct 3, 2016

Ved Parkash | 2899 Kingsbridge Terrace

Ved Parkash, who is ranked New York City’s worst landlord on Public Advocate Letitia James’ watchlist, added two buildings to his vast Bronx multifamily holdings in a $27.5 million deal, sources told …
750 Grand Concourse | Ved Parkash
Feb 15, 2017

750 Grand Concourse | Ved Parkash

Two city departments accused Bronx landlord Ved Parkash of creating illegal apartments and allowing his building to become a breeding ground for rats. The Department of Buildings said it uncovered eig…
Ved Parkash | Caiola family
Mar 7, 2016

Ved Parkash | Caiola family

1.) Landlord Ved Parkash, named on a New York City watchlist as one of the city’s worst landlords, purchased a rental building at 3873 Orloff Avenue in the Bronx for $19 million. The property includes…
Ved Parkash | Worst Landlord NYC | 750 Grand Concourse NYC
Apr 4, 2016

Ved Parkash | Worst Landlord NYC | 750 Grand Concourse NYC

Residents of Ved Parkash’s 750 Grand Concourse in the South Bronx filed a raft of lawsuits against the landlord, called the city’s worst by Public Advocate Letitia James. A total of 38 of the building…
Worst Landlords NYC | Bill de Blasio | Ved Parkash
May 27, 2016

Worst Landlords NYC | Bill de Blasio | Ved Parkash

The de Blasio administration is digging deep into the past – 54 years deep, to be exact – to punish those on the city’s “Worst Landlord Watchlist.” The city will use the 1962 Speigel law, which allows…
Ved Parkash | 2910 Wallace Avenue Bronx NY
Oct 21, 2015

Ved Parkash | 2910 Wallace Avenue Bronx NY

Jamaica-based landlord Ved Parkash, named by an advocacy group as one of the city’s seven worst landlords, bought a pair of contiguous rental buildings in the east Bronx neighborhood of Bronxwood for …
Ved Parkash | Housing Subsidy NYC | Worst Landlords NYC
Dec 9, 2015

Ved Parkash | Housing Subsidy NYC | Worst Landlords NYC

Accused slumlord Ved Parkash, who has more than 4,000 serious housing rule violations to his name, has allegedly benefitted from millions in public subsidies and tax incentives. The Bronx-based Parkas…
Blackstone Group | Caiola Portfolio | 3039 Wallace Avenue
Oct 9, 2018

Blackstone Group | Caiola Portfolio | 3039 Wallace Avenue

In the world of mid-market New York City investment sales last week, the Blackstone Group and Fairstead Capital sold another piece of the Caiola portfolio and Ved Parkash acquired a Bronx residential …
NY Multifamily Fears Fallout from Signature Bank Collapse
Mar 14, 2023

NY Multifamily Fears Fallout from Signature Bank Collapse

Days before Signature Bank collapsed, Danny Fishman was scrambling to move hundreds of his buildings’ deposits. The goal: have no more than $250,000 — what the federal government insures — in any acco…
Bronx Investment Sales | Michelangelo Apartments NYC
May 9, 2017

Bronx Investment Sales | Michelangelo Apartments NYC

Trades of residential buildings dominated the Bronx’s investment sales market in the beginning of 2017, building on last year’s trend in which more than half of the $3.3 billion invested in the boroug…
Multifamily Building Flippers More Likely To Evict Tenants
Mar 28, 2022

Multifamily Building Flippers More Likely To Evict Tenants

One thing leads to another, as The Fixx sang in their 1982 classic. In the case of rising multifamily property values in New York City, it will lead to more evictions, a new report predicts. Here’s th…
Illegal Construction Triggers Big Fines for Three NYC Landlords
Apr 2, 2021

Illegal Construction Triggers Big Fines for Three NYC Landlords

Three landlords trying to pack people into residences like sardines were hit with big fines by New York City’s Department of Buildings, the agency announced Wednesday. The fines, each exceeding $100,0…
NYC Sees Three Mid-Market Commercial Sales in Early June - The Real Deal
Jun 15, 2020

NYC Sees Three Mid-Market Commercial Sales in Early June - The Real Deal

The $10 million to $30 million sector of New York’s investment sales market saw three deals last week, including a multifamily building purchase by controversial landlord Ved Parkash and the $26 milli…
RSA's Joe Strasburg Struggles To Fend Off Rent Reforms
Jun 14, 2019

RSA's Joe Strasburg Struggles To Fend Off Rent Reforms

As the public policy debate on rent regulation kicked into high gear a few weeks ago, the state Assembly’s first hearing on rent reforms gave an indication of the kind of fervor to come. Joseph Strasb…