Nearly half of Raphael Toledano’s East Village portfolio is sitting vacant — mired in bankruptcy proceedings with lender Madison Realty Capital. Andrea Shapiro, program manager of tenants’ rights group Met Council, estimated that half of the 279 units have been “warehoused” since 2016. The portfolio includes 226 rent-stabilized apartments, according to tax filings. A Madison Realty Capital spokesperson blamed Toledano, saying, “The owner of the properties demolished the vacant units a few years ago and
source https://therealdeal.com/2020/01/21/raphael-toledanos-ghostly-east-village-portfolio/
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