LISTEN: The exodus of wealthy tenants at a UES mainstay
New York City real estate lore is full of stories about rent-stabilized tenants battling for a big payday when a developer swoops in to alter a building. The same story isn’t often told about luxury tenants on the Upper East Side. But tenants of 800 Fifth Avenue are facing a move-out predicament after Miki Natfali bought the rental property for $800 million and launched plans to transform the property into a condo building. That’s led to an exodus of tenants, who have flooded a crowded market in the neighborhood, as reporter Jake Indursky described on the latest episode of “Deconstruct.” […]
This article originally appeared on The Real Deal. Click here to read the full story.
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