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Entries from Gothamist tagged with 'conversion'

June 4, 2008

The long-running dispute between the owners of 47 East 3rd Street and their rent-stabilized tenants seems over, as the Court of the Appeals ruled the owners can evict tenants from the 60-room building in order to create a single super-duper residence. Alistair and Catherine Economakis took over the 15 apartment building a few years ago, after buying it for $1 million (and knowing it had rent-stabilized tenants). They told tenants, who pay $600-1200/month, they would......

Continue Reading "Tenement to 11,000 Square-Foot Mansion: Court Rules Owners Can Evict Rent-Stabilized Tenants"

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