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On the Block: Riverton Houses

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The on-again, off-again auction of the Riverton Houses, aka Harlem's Stuy Town, is on again. The auction will take place March 11, according to a weekend ad spotted by The Real Deal. Property owner Laurence Gluck has $240.6 million worth of debt to get rid of, after overpaying for the property during the boom in the hope of getting rid of rent-stabilized tenants and making a profit. [Real Deal; previously]