The Daily Dirt: A series of mysterious sales
Here’s a little mystery that I’ve uncovered but have yet to solve. Maybe you can shed some light on it. The Real Deal reported in February 2025 that 312 East 106th Street in East Harlem sold for just $285,110, a 97 percent discount from its 2016 sale. It seemed like an example of a rent-stabilized building being eviscerated by the 2019 Housing Stability and Tenant Protection Act. It had an air of plausibility because the previous buyer had been Isaac Kassirer’s train wreck known as Emerald Equity Group. But a 97 percent discount? That seemed too extreme to be true, […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
JV buys Fremont apartments from Harbert in latest Silicon
Valley deal
Grid Properties’ Harlem shopping center again faces default
warning
Welltower drops $100M on San Jose senior housing complex as
silver tsunami washes across Silicon Valley
Fisher Brothers heads to Israeli bond market to buy JPMorgan
out of Midtown office
Empire State Realty Trust quickly unloads 1359
Broadway
Judge tosses Mark Nussbaum’s bad faith bankruptcy
filings
Council tantrum: Is Mamdani nominee really so
terrible?
NY Dirt: City’s lofty 700k housing push eyes low growth
areas
One Number Could Change Everything About Your Next
Move
JPMorgan Makes a $750B Bet on the Housing Market
