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Clipper Equity LLC is a partnership led by David Bistricer and Sam Levinson. The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. [ 2 ] The partnership are known for their attempted purchase of the Starrett City housing complex in Brooklyn, New York , for $1.3 billion on February 8, 2007 in one ...
In the 1970s, many New York City private landlords were struggling to maintain their aging properties in the face of high interest rates, redlining, white flight and rising fuel costs. [ 44 ] [ 45 ] The period also saw some landlord-induced arson to obtain insurance proceeds and widespread non-payment of real estate taxes – over 20% of multi ...
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments. As of December 31, 2022, the company owned or had investments in 308 properties consisting of 79,597 apartment units in Southern California , San Francisco , Washington, D.C.
NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to ...
Penn South, officially known as Mutual Redevelopment Houses and formerly Penn Station South, is a limited-equity [1] housing cooperative development located between Eighth and Ninth Avenues and West 23rd and 29th Streets, in the Chelsea neighborhood of Manhattan in New York City. The complex has 2,820 units in ten 22-story buildings.
In 2005, Bistricer purchased the rent-regulated 59 building Vanderveer Estates Apartments in East Flatbush for $138.2 million with the intent to renovate them into a collection of spacious rental apartments, since renamed Flatbush Gardens. At the time of purchase, the complex had over 12,000 housing code violations inherited by Bistricer.
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