We are two tenant associations who joined together to defend ourselves against a corporate real estate investment hydra that seeks to expel us from our homes in order to maximize their profits.

Wednesday, May 30, 2012

The Devil We Know...

It's official,118-120-122 East Fourth Street are for sale.

Our 3 buildings hang in the balance between the devil we know and, ahem, whoever may purchase them. It's hard to imagine the purchaser could be worse. For the 1-1/2 years of Ben Shaoul/Fortune East ownership, the management has shown nothing but contempt for tenant apartment maintenance and building issues while also imposing on us the hardships, discomfort and inconveniences of living in a construction zone. Now they are trying to make a quick profit, their fortune in the east: turning their $11.5 million purchase into a $25 million sale.

From the property listing:


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