Real Estate
Median prices take 30% drop across Tribeca
BY SHAYE WEAVER
For the fi rst time in almost two
years, Tribeca is not considered the
most expensive neighborhood in
New York City, according to a report by
Property Shark.
Hudson Yards took over that title in
the third quarter with a median sales
price of $4.9 million. Tribeca’s median
sales price was at $2.3 million (72
sales), which is a 30 percent decline
year-over-year, the report shows.
Despite the signifi cant decrease, it
isn’t nearly as big of a drop quarterover
quarter, from Q2 to Q3, which
was a 45 percent drop from more than
$4.3 million, Property Shark states.
The lowered median sales price is
likely due to a “a disruption” likely infl
uenced by the mansion tax that took
effect on July 1.
Other Manhattan neighborhoods
within the top 10 “most expensive” list
include Hudson Square at $2.3 million,
$2.1 million in Little Italy, SoHo at $2
million and Flatiron at $1.4 million.
Notably, the Lower East Side’s median
sale price grew 87 percent to almost
$1.5 million, moving the neighborhood
up to No. 8.
FILE PHOTO
The median prices for Tribeca fell 30 percent over the last year, and the neighborhood is no longer considered
the most expensive in the city, according to a Property Shark report
Tenant advocates release ‘worst evictors’ list
BY ALEJANDRA
O'CONNELL-DOMENECH
A coalition of tenants rights groups
released a list of New York City’s
‘worst’ evictors who were responsible
for ejecting 2,182 people from their
homes in 2018.
The 20 landlords on the list each evicted
between 75 and 200 people, according
to data collected from Right to Counsel
NYC Coalition, JustFix.NYC and the Anti
Eviction Mapping Project.
“Landlords use their power to take tenants
to court repeatedly in order to wear
them out with the intention of displacing
them,” said Carmen Vega-Rivera, tenant
leader with the Community Action for
Safe Apartments (CASA) in the Bronx, in
a statement. Vega-Rivera added that housing
court only perpetuates this problem by
“slapping the landlord on their wrist.”
First on the list is Phillip Wishcherth
from the LeFrak Organization, which
owns the Queens apartment complex Le
Frak City. He evicted 189 people last year,
according to the data. The LeFrak Organization
did not respond immediately to a
request for comment.
Ved Parkash, a notorious Bronx landlord
who was sued for refusing to take
Section 8 housing vouchers in 2017, made
second on the list. Parkash was ranked as
‘worst evictor’ in a similar list released by
the tenants rights group in May.
But that list only included landlords
in ZIP codes where the city’s Right to
Counsel law applies. The list released
today encompasses all of New York
City. Parkash could not be reached
immediately for comment.
“This is an effort to reframe the conversation
of whose to blame for eviction,”
said Susanna Blankely from the Right to
Counsel NYC Coalition. “And to let people
know that they are not alone when it
comes to eviction.”
Advocates also released an interactive
FILE PHOTO
map on Tuesday, which allows users to
fi nd where evictions happened in the city
last year and the landlords responsible
for them.
The map shows a total of 18,007 evictions
that landlords had carried out by
marshals, according to advocates.
To view the entire tenants advocates
list, visit worstevictorsnyc.org
26 October 24, 2019 Schneps Media
/worstevictorsnyc.org
