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Most East Village Tenement Tenants Settle for $75K

Most East Village Tenement Tenants Settle for $75K

building into a home--with a gym, nanny suite, etc.--for his family. The tenants questioned whether Economakis would really live in the building, suspecting he would rent it out at market rates or flip it for millions, and the situation raised questions about rent laws for years. In the summer, the Court of Appeals ruled that Economakis could evict them; the Post says the tenants "gave in because they weren't confident they would beat" their landlord in Manhattan Supreme Court. A tenant added, "I don't think we can afford Manhattan anymore." more ›

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