clock menu more-arrow no yes

Filed under:

Rent Wars

New, 25 comments

This week's first juicy tenants-vs.-landlord scrap comes from the East Village, where Icon Realty Management is trying to buy out the rent-stabilized oldtimers at 176 East 3rd Street in order to renovate/destabilize/flip. Lowball offers aside ($125k? That's like one year of East Village rent nowadays), we're not really seeing the harassment so prevalent in many of these cases: "The tenants complained that the landlord recently changed an electronic lock on the building's front door to a more difficult standard version as a ploy to send them to an Icon representative looking for help. The rep would then use the opportunity to pitch the buyout, the tenants said." [NYP]