Does good cause eviction threaten Naftali’s Fifth Avenue condo?

You probably weren’t thinking about “good cause eviction” when you read in The Real Deal last week that Miki Naftali plans to demolish 800 Fifth Avenue after buying it from Eliot Spitzer. But Naftali surely did. Because of good cause, raze-and-rebuild and other value-add projects in New York are a lot harder than they used to be for free-market buildings. The law, which the state passed last year, forces landlords to offer lease renewals to most tenants who are current on rent and not axe murderers. If Naftali had to offer renewals to all the tenants at 800 Fifth, he […] This article originally appeared on The Real Deal. Click here to read the full story.