Tuesday, August 7, 2007
Eventual sale of housing complex looms over Starrett City tenants
On the other side is a large group of investors, including Donald Trump, who have made millions in one of the sweetest real estate deals in New York City. Many of them want to cash out - and make, at a minimum, another $500 million. The investors' desire to sell has tenants of the sprawling Brooklyn housing development, with its 5,880 apartments over 140 acres, fearing that a sale at a high price will mean evictions or big rent hikes.