Friday 25 May 2018

Developer broke $625K deal to buy out UES rent-stabilized tenants: lawsuit

A pair of rent-stabilized tenants on the Upper East Side are suing a developer for reneging on an agreement to pay them $625,000 for moving out of the building. Tenants Avi and Fern Abramoff, who are married, have lived at 12 East 88th Street since 1979, according to the lawsuit. Los Angeles developer Leo Pustilnikov bought 12 of 24 apartments in the building last year from Simon Baron Development for $10 million, and offered the Abramoffs […]



source https://therealdeal.com/2018/05/25/developer-broke-625k-deal-to-buy-out-ues-rent-stabilized-tenants-lawsuit/

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