Yorkshire Towers Sale

This building is being sold to Laurence Gluck (Independence Plaze) and Joseph Chetrit (The Chelsea Hotel, Sony Building). The word is that it's going to be upgraded to a luxury rental. As of the summer of 2014, it's 50% market rate, 50% rent-regulated. Market-rate leases are not being renewed and there are rumored to be at least 100 vacant units. Market rate tenants report being told that their leases will not be renewed but being refused move-out dates! The sale is supposed to close by Labor Day. A similar thing is going on at the "sister" building, 160 East 88th Street.