What's next for The Abandoned?the mostly rent-controlled buildings left to rot by the private equity firms that snapped them up at the height of the boom? In the case of 19 foreclosed Bronx properties previously owned by Ocelot Capital Group, the buildings will be auctioned off online?and tenants and politicians are quite pissed. At a rally yesterday Chuck Schumer said the auctions would just invite more predators. Officials have countered that there will be a list of criteria for bidders, including written pledges to maintain the buildings. [NYDN; previously]
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