Categorized | Newswire

Scarsdale bidder emerges for 10 Bronx buildings

Steve Finkelstein, a Scarsdale-based landlord, presented a $28 million bid to buy 10 Bronx rent-controlled buildings. However, to finalize the agreement, he still needs to negotiate with a tenants group over unpaid back rents, future rent increases and the scope of repairs that the housing complexes need. The buildings are owned since 2007 by Milbank Real Estate, which two years ago defaulted on its $26 million mortgage. [Crain’s New York Business]

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