Jared Kushner's Kushner Companies has expanded its East Village portfolio.
According to Lois Weiss at the Post, Kushner has closed on a 16-building apartment portfolio for $131.5 million. Two of the properties are in the East Village — 104 E. Seventh St. and 438-440 E. 13th St.
Stone Street and Florida-based HIG Realty Partners were the sellers. Stone Street bought the EV properties in November 2012.
We heard from a resident at No. 438 this past April who let us know what life has been like here since Stone Street took over the building. First, the resident says that many longtime tenants were driven out of their units … "and we had to deal with a round of apartment gut renovations last year."
And!
"I have lived in the East Village for [20-plus] years and have never dealt with such disregard for tenants," the resident said. "Even the tenants who moved into the renovated 'luxury' units are being screwed."
Not that Kushner will be a much better landlord. The Kushner Companies have not been very popular around here with all the allegations and subsequent media reports of tenant harassment and quality-of-life issues brought on by gut renovations in their buildings.
The Kushner Companies have bought up 28-29 or so East Village walk-up buildings in the past two years.
Previously on EV Grieve:
2 East Village buildings part of $73 million deal
Life at 438 E. 13th St.
Jared Kushner - cruel landlord, owner of The Observer newspaper and son-in-law of Donald Trump.
ReplyDeleteAnd super wealthy.
He is among the worst.
Jared, get the fuck out of here, man. You have enough buildings, what is your point?
ReplyDeleteI'm sorry to the people in those buildings. Please start a tenants group as soon as possible and know that 311 and HPD court will needed to be called to get any sort of help done. He's a terrible landlord and prefers to take small fines then to do any work
ReplyDeleteChange with the times or time changes you...
ReplyDeleteSounds like if you want to live..you must move out. Sad. RIP.
ReplyDelete@Anon. 1:10 - so what's your point? Are we all supposed to become rapacious real estate scum, caring for nothing but the almighty dollar, leaving what passes for our humanity trampled in the dust from the illegal renovations our goon squads are doing? No, thanks.
ReplyDeleteI have lived in the East Village for [20-plus] years and have never dealt with such disregard for tenants," the resident said. "Even the tenants who moved into the renovated 'luxury' units are being screwed."
ReplyDeleteThis is SOP for Stuy Town and Peter Cooper Village as well. Just go to their one star Yelp reviews, sort by date.
I don't think it mattes who owns the building -- the tenement buildings in this neighborhood are in desperate need of repair, any repairs are going to be disruptive.
ReplyDeleteHey Jared, if you're reading this site man, FUCK YOU. You're a greedy, relentless, selfish piece of shit. Here's a news flash asshole; when you leave this planet and life, you can't take any of your riches with you.
ReplyDeleteWhen megarich real estate developers buy up properties by the dozens in one city, how is this not considered an unhealthy monoopoly and stopped by some regulation? Why are they not limited to a more reasonable amount of buildings for one owner? If money is the only limiter, then after this they will get richer and buy even more buildings and so on and what's to stop it ever?
ReplyDeleteCharles Kushner, one of the most powerful men in New Jersey, the head of a real-estate empire worth as much as $2 billion, pled guilty to eighteen felony counts of tax fraud, election violations, and witness tampering. In the strangest twist, Charles admitted to taking revenge on a hated brother-in-law by secretly setting up him up with a prostitute, then taping the encounter. He spent sixteen months behind bars for his crimes.
ReplyDeleteDecember 12, 2014 at 3:13 AM
ReplyDeletethis WREAKS of classic, and typical Mosssad ZIONIST tactics. In fact, routine. These Bankster/Realtor syndicates stole TRILLIONS from taxpayers in the 2008- which they used to turnright around and buy up YOUR apt building to then throw you out and evict those same taxpayers en masse.
When were EV landlords ever good to the tenants? This is new?
ReplyDelete