Large NYC landlord accused of neglecting buildings agrees to $2 million settlement

Mayor Zohran Mamdani's administration has secured a $2.1 million settlement from A&E Real Estate, one of New York City's largest landlords, to resolve over 4,000 code violations and allegations of tenant harassment at 14 buildings across Queens, Brooklyn, and Manhattan.

The agreement brings an end to a year-and-a-half-long legal battle initiated by Mayor Eric Adams' administration. According to Mayor Mamdani, the city will not tolerate neglect and mistreatment of tenants, stating "City Hall will not sit idly by and accept this illegality, nor will we allow bad actors to continue to harass tenants with impunity."

The settlement affects approximately 750 tenants living in A&E buildings, and is considered the largest settlement in the Department of Housing Preservation and Development's Anti-Harassment Unit's history. Incoming Housing Commissioner Dina Levy attributed the resolution to "sustained" enforcement efforts by the unit.

Despite the agreement, tenants continue to face substandard conditions. The Jackson Heights apartment building where Mayor Mamdani held a press conference has 220 open violations, including issues such as roach infestations and water leaks. A&E Real Estate's CEO, Donald Hastings, framed the settlement as a partnership with the city, stating that his company is committed to improving its buildings.

However, the company's history of violations remains a concern. Dozens of tenants at La Mesa Verde apartments in Jackson Heights are collectively suing A&E to force repairs after years of alleged systemic neglect.

The settlement also comes amid concerns over A&E's financial dealings. The company's Executive Chair, Douglas Eisenberg, recently gave $125,000 to a super PAC supporting former Gov. Andrew Cuomo during the recent mayoral election.

Housing officials warned that if A&E fails to comply with the terms of the new settlement, they may seek additional court orders and penalties.
 
๐Ÿค” yooo, have you seen the latest news about Mayor Mamdani's admin? They just got a major settlement from A&E Real Estate for like $2.1 million! That's huge ๐Ÿค‘. It means they're finally making progress on getting tenants in those 14 buildings fixed up and safe to live in.

But here's the thing... the issue with code violations isn't even fixed yet ๐Ÿคทโ€โ™€๏ธ. There are still tons of open issues at that Jackson Heights building where Mamdani held a press conference, like roaches and water leaks ๐Ÿœ. And get this - A&E is saying they're committed to improving their buildings? ๐Ÿ˜’ it's all about appearances.

I'm also low-key suspicious about the timing of this settlement ๐Ÿค”. Did A&E do some kinda deal behind closed doors with City Hall? Like, maybe they gave that $125k to Cuomo and now they're getting a sweet settlement? ๐Ÿค‘ Don't get me wrong, I'm glad tenants are finally getting some relief... but we gotta keep an eye on this company's actions ๐Ÿ‘€.
 
๐Ÿ˜’ This is just another case of how broken the system is. $2.1 million is peanuts for what these people are going through. Can't believe it took a year-and-a-half-long fight to get this far... ๐Ÿคฆโ€โ™‚๏ธ Still, I guess some action's gotta be taken. Just hope A&E actually follows through on their promises, or else we'll just have more problems down the line ๐Ÿ’ธ
 
OMG ๐Ÿคฏ, like finally! ๐Ÿ˜Š Mayor Zohran Mamdani's admin is doing something right for once ๐Ÿ‘. I mean, $2.1 million is a huge chunk of change for 4,000+ code violations and tenant harassment cases ๐Ÿค‘. It's about time those bad actors get called out ๐Ÿšซ. My question tho, what took them this long to take action? ๐Ÿค” Was it just luck or did they finally realize the consequences of neglecting tenants? ๐Ÿ˜ฌ
 
Yooo guys I've got some stats to share ๐Ÿ“Š๐Ÿ‘€ did you know NYC landlords are responsible for 14% of all occupied housing units? ๐Ÿคฏ and we just found out A&E Real Estate has a whopping 70% of their buildings with code violations! ๐Ÿšฎ๐Ÿ’ฆ like, that's crazy. And let's talk about the $2.1 million settlement - that's like, a lot of cash ๐Ÿ’ธ for tenants who've been living in substandard conditions. But here's the thing... 220 open violations at one building is still NOT OKAY ๐Ÿ˜ we need to see some real change happen ASAP! ๐Ÿ•’๏ธ and btw did you know 75% of renters in NYC are paying over 50% of their income towards rent? ๐Ÿคฏ that's just not fair. Let's keep pushing for better housing conditions, folks! ๐Ÿ’ช
 
I'm just glad some action's being taken about all those code violations ๐Ÿ™Œ. I mean, it's crazy how neglect like this goes on for so long. The fact that 14 buildings have been affected is pretty shocking. And yeah, the company trying to spin it as a partnership with the city is weird... they're basically paying off the city to stop getting sued ๐Ÿ˜’. It's all about making sure tenants aren't being taken advantage of, you know? But what really gets me is that there are still people living in substandard conditions ๐Ÿคฏ. The fact that dozens of tenants are suing A&E again is just... ugh. And have you seen the CEO's connection to Cuomo? That's just fishy ๐ŸŸ.
 
I was just thinking about trying out that new food truck festival in Brooklyn ๐Ÿด๐ŸŽ‰ I heard they're going to have some amazing Korean BBQ options... anyway, back to this A&E thing... $2.1 million is a pretty penny, but like 750 tenants getting substandard conditions? Not cool at all ๐Ÿ˜’. And what's up with the landlord trying to spin this as a partnership when it sounds like they were caught red-handed? I swear, some people have no idea how to run a decent business ๐Ÿคฆโ€โ™‚๏ธ.
 
I'm glad to see some progress on addressing tenant issues in NYC ๐Ÿ™Œ. $2.1 million is a big chunk of change for 14 buildings, it's about time someone held A&E Real Estate accountable for their neglect ๐Ÿคฆโ€โ™‚๏ธ. Still, I'm not buying the whole 'partnership' story from Donald Hastings ๐Ÿค‘... it sounds like they just got caught with their pants down and had to cough up some cash ๐Ÿ’ธ. I hope this is just the beginning of a new era where tenants have a voice and can finally live in decent conditions ๐Ÿ’ช.
 
๐Ÿคฉ I'm literally so happy about this settlement! $2.1 million is a huge win for tenants who've been suffering in those substandard conditions ๐Ÿ™Œ. It's crazy that it took a year-and-a-half to get this done, but at least the city stood its ground and fought for what's right ๐Ÿ’ช. I'm keeping my fingers crossed that A&E will actually follow through on their promises and make some real changes to their buildings ๐Ÿคž. And let's be real, $125k donation by Doug Eisenberg? ๐Ÿ˜‚ that's some serious bad PR for the company!
 
Ugh, can't believe it's taken them this long to crack down on these huge landlords ๐Ÿคฆโ€โ™‚๏ธ. I mean, $2.1 million is a decent chunk of change, but 4,000 code violations? That's like, a whole lotta neglect ๐Ÿ˜ณ. And A&E's CEO, Donald Hastings, trying to spin it as a partnership with the city? Please, save it, dude ๐Ÿ™„.

And what really gets me is that these tenants are still stuck in substandard conditions ๐Ÿšฝ. 220 open violations at one building alone? That's just crazy ๐Ÿ˜ฑ. I'm glad Mayor Mamdani is on their side, but it's about time the city started taking action ๐Ÿ’ช.

But here's the thing: this settlement isn't a complete win for tenants. A&E still gets to keep their reputation intact (or at least pretend to) ๐Ÿคทโ€โ™‚๏ธ. And what about all those other tenants who aren't getting addressed? Like, what's going on with La Mesa Verde apartments? Systemic neglect, anyone? ๐Ÿ˜’

Anyway, I guess it's a good start ๐ŸŽ‰, but we've gotta keep pushing for more ๐Ÿ’ช. Can't let these landlords just waltz back in and ignore the rules again ๐Ÿ‘Š.
 
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