Ocean Tenants Owner Angry at New Owner
A Coney Island building dedicated to affordable housing has been sold to the owner of the historic Woolworth Building, a move that tenants say has triggered massive rent hikes.
Ocean Towers, a 360-unit Mitchell-Lama building, was sold in February for $5.9 million to Cammeby's International, a group that acquired similar buildings in Manhattan and Queens only to raise rent before reselling the properties.
Image courtesy of Wikipedia
- post by Ben Nadler