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 Photo by the City of New York.
Our Slumlords
The owners of our home, 500 West 140th Street,
Sugar Hill, Harlem, New York, New York 10031-6139, are:
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Philip Tager
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Steven E. Carter
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Their business address:
Perseus Capital Management, L.L.C.,
a tenants-only front for the
slum-investment brokerage Cronus
Capital, L.P.
275
Madison Avenue 39th
Floor New
York, NY 10016-1101 Phone:
(212)774-5900 Fax:
(212)774-5919
The venerable law
firm Sherman Feigen Slivka lives there. Cronus may just rent
space for voicemail and fax.
Mr. Tager and Mr. Carter are real-estate investment brokers. They
find money to buy up low-priced "distressed"
properties in upper Manhattan. It appears that they
invested their own funds in our home. Using dummy LLCs or LPs,
they hold on for not more than five
years, when they hope that The Market will double the
selling price.
"The Market" is jargon for "forces beyond the
owners' control." The community controls The Market. Only we
tenants and our neighbors have our hearts in the hood. While stifling
us in squalor, our slumlords seek succor from the sweat of our struggle to survive.
Rather
than hiring an experienced slumlord manager, like Solar Realty
Management Corp., which unloaded
our home on them, Mr. Tager and Mr. Carter are themselves trying to manage the
properties they bought or brokered. They hire agents and
invent a management-company alias, like Perseus
Capital Management, to hide
their own and their investors' identities. A mail drop takes
rent from tenants.
Why can't tenants know who
their landlords are? Well, New York still has
housing laws and enforcement, such as they are, and
it's less pricey in the long run to hire stooges to take the
heat. Besides, their cocktail-clubbing chums think the stars
of their posse are "in
real-estate." They don't know that
means slumlords.
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Philip Tager:
(212)774-5901
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Steven E. Carter:
(212)774-5909
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Their home
addresses:
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500 East 77th Street, #1019
New York, New York 10162-0004
(212)744-8016
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121 West 19th Street
Condo 5D New York NY 10011-4134
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They bought us on May 3, 2007, for about $6.5
million. Washington Mutual holds the mortgage.
Less than two years ago, on July 28, 2005, our previous
slumlords bought us for $2.25 million. That's
a profit of close to 100% per annum, precisely matching our home's rate of depreciation.
Tenants, organize now!
Sugar Hill,
Harlem, USA,
June 4, 2007
Solidarity, Vicki Richman, Acting Secretary Eileen
V. Casey, Acting President
500W140 Tenants Association (212)926-1345 (212)926-9846 fax
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