A $2.1 Million Settlement: NYC Landlord Agrees to Fix 14 Buildings Across 3 Boroughs After Years of Neglect
The city has reached a deal with A&E Real Estate, one of New York City's largest landlords, to resolve nearly 4,000 code violations and allegations of tenant harassment at 14 buildings in Queens, Brooklyn, and Manhattan. The agreement comes after a year-and-a-half-long legal battle initiated by Mayor Eric Adams' administration.
Under the settlement, A&E will pay $2.1 million to cover about 750 tenants who have suffered under the company's negligence. Housing Commissioner Dina Levy hailed the deal as "sustained" enforcement by the Department of Housing Preservation and Development's Anti-Harassment Unit, which is the largest in its history.
The settlement resolves a long-standing issue with A&E Real Estate, which has been plagued by code violations at some of its properties. The company's CEO, Donald Hastings, framed the agreement as a partnership with the city, stating that he believes it will lead to improvements in the buildings and compliance with housing regulations.
However, A&E Real Estate also faces an ongoing lawsuit from dozens of tenants of the La Mesa Verde apartments in Jackson Heights, who are seeking repairs after years of alleged systemic neglect. The company's Executive Chair, Douglas Eisenberg, donated $125,000 to a super PAC supporting former Governor Andrew Cuomo during the recent mayoral election.
Mayor Zohran Mamdani said that A&E Real Estate has "mistreated and neglected" tenants for too long, but the city will not tolerate such behavior. The settlement is seen as a significant victory for tenant rights, with Housing Commissioner Dina Levy stating that safe, livable housing is an "absolute right."
If A&E fails to comply with the terms of the settlement, city officials say they may seek additional court orders and penalties.
The city has reached a deal with A&E Real Estate, one of New York City's largest landlords, to resolve nearly 4,000 code violations and allegations of tenant harassment at 14 buildings in Queens, Brooklyn, and Manhattan. The agreement comes after a year-and-a-half-long legal battle initiated by Mayor Eric Adams' administration.
Under the settlement, A&E will pay $2.1 million to cover about 750 tenants who have suffered under the company's negligence. Housing Commissioner Dina Levy hailed the deal as "sustained" enforcement by the Department of Housing Preservation and Development's Anti-Harassment Unit, which is the largest in its history.
The settlement resolves a long-standing issue with A&E Real Estate, which has been plagued by code violations at some of its properties. The company's CEO, Donald Hastings, framed the agreement as a partnership with the city, stating that he believes it will lead to improvements in the buildings and compliance with housing regulations.
However, A&E Real Estate also faces an ongoing lawsuit from dozens of tenants of the La Mesa Verde apartments in Jackson Heights, who are seeking repairs after years of alleged systemic neglect. The company's Executive Chair, Douglas Eisenberg, donated $125,000 to a super PAC supporting former Governor Andrew Cuomo during the recent mayoral election.
Mayor Zohran Mamdani said that A&E Real Estate has "mistreated and neglected" tenants for too long, but the city will not tolerate such behavior. The settlement is seen as a significant victory for tenant rights, with Housing Commissioner Dina Levy stating that safe, livable housing is an "absolute right."
If A&E fails to comply with the terms of the settlement, city officials say they may seek additional court orders and penalties.