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As a direct result of BP.TV informing the rent-stabilized tenants at 70 Battery Place of their rights to hold onto their apartments even during a condo-conversion process, the residents fought back and refused to be evicted. We have heard that the building owner has given up on the plans to convert this building to condo.
August 27, 2014- By Steven E. Greer
BatteryPark.TV previously described the bizarre gentrification taking place in BPC, whereby wealthy people paying high rent are being evicted by “one-percenter” billionaires owning the apartments, in order to turn them into condo buildings (the rush is to beat Janet Yellen before she raises rates and ends the real estate bubble).
Well, now the southern half of BPC is getting hit. 70 Battery Place (AKA River Watch), is being acquired by David Bistricer (Clipper Equities), who was “The worst slumlord in the city“, according to Mayor de Blasio (when he was City Advocate). In his other previous property deals, he has been sued for illegally evicting tenants as he converted those buildings (e.g. The Chelsea Hotel and Flatbush Gardens).
Most renters are unwilling to spend a dime on legal fees to fight eviction, and the conversion landlords know it. However, the real estate companies can be fought effectively without lawyers. A woman in Gateway Plaza recently fought off billionaire LeFrak who tried to evict her in retaliation for making complaints to the city about repairs needed in her apartment. They dropped her case because she knew the law. She did not spend a dime on legal fees and actually won some damages in the form of free rent.
Residents of 70 Battery Place, who are interested in purchasing their apartment and staying, are encouraged to read BP.TV’s previous stories. Importantly, 70 Battery Place is rent stabilized, which will give more power to the tenants.