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The nonprofit claims in a suit the owner skirted an agreement by adding unauthorized requirements to purchase the building at 1680 Madison Avenue.
DNAinfo/Dartunorro Clark
EAST HARLEM — A nonprofit affordable housing developer is suing to block the sale of an apartment complex to a private developer — claiming it was cheated out of the deal by the building’s current owner, which tried to force the buyer to purchase two more properties to seal the deal, a lawsuit says.
Nuevo El Barrio Rehabilitación De Vivienda Y Economía (NERVE) claims it had the right to purchase the seven-story, 135-unit building at 1680
