Residents at 176 E. Third Street have been offered up to $125,000 apiece to move out of their rent-stabilized apartments. They declined. As the Post notes:
The residents charge that the buyout bid by Icon Realty Management, owned by Terrence Lowenberg and Todd Cohen, would destroy the building's sense of community.
"They offered me $120,000," said Carolyn Chamberlain, 65, a secretary who pays $400 for her two-bedroom apartment in the six-story, prewar building.
"I told them I would only be interested if it was middle-six-figure offer. It's outright harassment," she said.
Alexander Camu, a bartender, said he turned down a $125,000 offer.
"I moved here when the neighborhood was crap," he said. "I turned down the offer because I'm being paid to leave my life."
Bob Arihood has been covering this story at Neither More Nor Less. Read his coverage here.