New development returns, as well as new resistance
But there are exceptions. Tom Chernaik, 49, a tech entrepreneur and longtime rent-stabilized tenant on the Upper East Side, agreed to a settlement of more than $ 3 million, before attorney fees, in 2019, to abandon his apartment of two chambers, according to sources close to the agreement. The property has since changed ownership and the building has been demolished to make way for a 13-story condo with retail space and just 12 luxury apartments, where prices have yet to be announced, but will likely climb. seven digits.
Mr. Chernaik discovered the apartment one morning in 1993, while browsing the Village Voice, and held on for 26 years, last paying $ 3,200 a month for the 1,100 square foot space. He was sad to see him go missing, but with the settlement he was able to move his family to a nearby three-bedroom rental and also bought a five-bedroom house with a pool in Connecticut “for less than the cost of the studio. cheapest in Manhattan, âhe said.
Still others, with the right leverage and the right gusto, waited more. Herbert Sukenik, a recalcitrant tenant of 15 Central Park West, a market-changing luxury tower completed in 2008, was awarded $ 17 million to vacate his one-room apartment at the Mayflower Hotel, which was demolished for welcome the new tower. He also received a high-story apartment in a neighboring property overlooking Central Park for $ 1 per month, with the developer paying the rest of the rent, which was perhaps the largest single tenant payment in the history of the city. He was represented by Mr. Rozenholc, who received a third of the payment.
An obituary in 2011 called him “a pioneer in the field of nuclear magnetic resonance.” One relative, reached by phone, said “he was brilliant and misunderstood – and, at the same time, cantankerous”.