State and City electeds support tenants at 22 River Terrace

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March 24, 2014

John Tashjian, Principal

Centurion Real Estate Partners, 595 Madison Avenue, New York, NY 10002

Dear Mr. Tashjian,

As elected representatives for the area, we are writing to express our concerns regarding a condominium conversion plan for a building located in our districts, 22 River Terrace, that was submitted by your company, Centurion Real Estate Partners (CREP) to the New York State Attorney General’s office in January for review.

We have reviewed the “red herring” that was distributed to residents, which states that the conversion would take place under a non-eviction plan and that insider pricing would be offered for current residents. However, we have heard reports from residents that during the current review period for the conversion plan, Centurion has begun refusing to renew tenants’ leases and triggering 90-day early expiration clauses in leases signed. To us, these actions strongly resemble warehousing of apartments, and it is our understanding that it is illegal for an owner to warehouse apartments as they prepare for a conversion.

Your actions appear to us to violate the spirit of the agreement you have submitted to the Attorney General’s office and the protections that are normally provided tenants in buildings undergoing conversions. It is very hard for us to understand how it can be legitimate for your company to submit a non-eviction plan and then proceed to effectively evict a large number of their tenants.

We would like to request that you cease your early termination of leases and give the tenants at 22 River Terrace, including those you are trying to terminate, the-opportunities they should properly be offered under the non-eviction plan you submitted to the Attorney General’s Office.

Thank you for your attention to our concerns.

Sincere1y,

Deborah J. Glick, Assembly Member, District 66, New York State Assembly

Margaret S. Chin, Council Member, District 1, New York City Council

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This entry was posted in - City government, - Community Board 1, - Real estate, - State Government. Bookmark the permalink.

5 Responses to State and City electeds support tenants at 22 River Terrace

  1. michael parr says:

    Thank you so much for helping us and shedding a light on this horrible injustice.

  2. Ashley Darren says:

    While all well and good, bottom line is I’m still getting evicted and have no rights to buy my apt.

  3. Editor says:

    To Ashley

    You are wrong, and you also have a New York defeatist attitude

  4. Mr. Tashjian intentions are to just go by the law and the books regarding his proposed business plan to convert a rental building into a condominium.
    His intentions I am sure were not to hurt anybody by being evicted.
    With my experience regarding rental to condominium conversions.
    It is law for the building to have 25% vacant apartments in order to go forward towards converting to condominium for purchase.
    That is a law NYC or NYS that Mr. Tashjian is just going by the rules to go forward.

  5. Editor says:

    To Mr. Dziedzic

    As a real estate broker, you do not have conflicts of interest in this matter, now do you?

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