Photos by Choresh Wald
News arrived in August 2022 that Meadow Partners was the new owner of 305 E. 11th St. and 310 E. 12th St., adjacent multifamily residential buildings connected by a garden between First Avenue and Second Avenue.
That same August, art critic and longtime building resident Charlie Finch jumped to his death.
Just five days before Finch jumped out of his window, he'd learned the building had been sold to a private-equity firm for $58 million. Finch, a rent-stabilized tenant of the same apartment for 45 years, was despondent and feared that he would soon be out of a home.
Nine months later, some of Finch's biggest fears have come to pass. Dozens of market-rate tenants received notices from the new landlord ... stating that they must leave their apartments... Others have been offered lease renewals with rent increases in the thousands.
The buildings were also the site of a rally for tenant rights back in May.
We have heard very little since then... and missed the news that the building was rebranded as Flora ... $8,995 (in 2013, the then-two-bedroom home was $4,400). Updated: A reader points out the prices on the Flora website, where three bedrooms are asking $9,750 and $10,100.
Filings at the Department of Buildings also show pending plans for a "vertical enlargement" (aka a sixth floor).
Flora joins another large East Village residential property now owned by a private-equity firm, the recently christened Untitled at 58-72 Avenue A. You can read what's happening there at this link.
The deal for the 89-unit buildings at 305 E. 11th St. and 310 E. 12th St., owned by the Chissick family since the late 1960s, was $58 million.